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Axios

Alphabet seeks $80 billion to fund AI buildout

Alphabet seeks $80 billion to fund AI buildout
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Alphabet said Monday it plans to raise up to $80 billion in equity to help fund its AI ambitions, which includes a $10 billion investment from Berkshire Hathaway via a private deal. Why it matters: One of the world's biggest companies, which has had historically high cash flow, is seeking more cash to keep up in the AI race. Driving the news: Alphabet said the proceeds will support "capital exp

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