Google heads record funding round with Berkshire Hathaway

Reports indicate that Alphabet, the parent company of Google, is working to raise approximately $80 billion through a share issuance that includes a strategic investment deal with Berkshire Hathaway, aimed at funding its ambitious plans in artificial intelligence. The plans involve selling shares worth $40 billion through a public offering, issuing another $30 billion of shares via guaranteed underwriting, and a $10 billion deal with Berkshire Hathaway. This move comes amid an unprecedented wave of spending on building the infrastructure necessary for developing AI models, with a focus on "Tensors" chips, which are considered a significant alternative to Nvidia's processors.

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