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Google heads record funding round with Berkshire participation
Alphabet, the parent company of Google, intends to raise approximately $80 billion through a share issuance, including an investment deal with Berkshire Hathaway, as part of its efforts to fund its development plans in the field of artificial intelligence. The process involves selling $40 billion worth of shares through a "public offering," issuing an additional $30 billion in shares, and a $10 billion deal with Berkshire Hathaway. This move comes amid the company's expansion in building AI infrastructure, with a focus on its internal chips called "Tensor" to enhance its competitiveness against Nvidia. It also aims to capitalize on the increasing demand for AI models and expand its investments. These investments led to a slight fluctuation in Alphabet's stock price following the announcement.
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