Alphabet to raise $80bn in equity to fund its AI spending
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 […]<br /> This story continues at The Next Web [...]
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NVIDIA beats again, guides to $91bn for Q2 and authorises another $80bn of buybacks
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Alphabet locked in $811 billion of future spending on AI infrastructure. The number jumped $500 billion in one quarter.
Alphabet had $811 billion in contracted future spending commitments at the end of June, up nearly $500 billion from just three months earlier. The figure, disclosed separately from capital expenditure [...]