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Google parent Alphabet to raise $80 bn to fuel AI expansion

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Google parent Alphabet to raise $80 bn to fuel AI expansion

Google headquarters in Mountain View, California. (FILE/AFP)

SAN FRANCISCO: Google parent Alphabet announced Monday it plans to raise up to $80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure, with Warren Buffett's Berkshire Hathaway committing $10 billion as part of the deal.


The fundraising comes as Alphabet ramps up investment spending, with capital expenditures expected to reach $180-$190 billion in 2026 and set to rise further in 2027.