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76 Alphabet to raise $80bn in equity to fund its AI spending

The Next Web
Ana-Maria Stanciuc @ The Next Web 2 place · today 03:31 EDT

Alphabet is raising $80bn in equity, an unusually large sum for a company that has rarely needed to ask. The Google parent announced the plan on Monday to help fund what it called investment in world-class AI compute infrastructure to meet unprecedented customer demand, and the structure of the raise is as telling as the […]
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