Google Increases Equity Raise to $84.75 Billion
Alphabet increased its first new stock sale since 2005 to $84.75 billion, largely to fund AI compute and infrastructure.
Excerpt
<p>Google’s parent company Alphabet said on Wednesday that it was increasing the size of its equity raise to $84.75 billion from $80 billion.</p> <p>The bulk of the money—Google’s first time selling new stock since 2005—is earmarked for spending on AI infrastructure and compute, highlighting the cost of ...</p>
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