Google to Raise $80 Billion for AI Spending, Employee Equity

Google parent company Alphabet announced plans to sell new stock for the first time since 2005, aiming to raise $80B in equity to spend on AI infrastructure and compute. As part of the plans, announced Monday, Berkshire Hathaway has agreed to purchase $10B in stock at a discount to the current market price. Additionally, Google will raise $30B in underwritten public