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The Economic Times
The Economic Times
Gandharv Walia

Alphabet stock price jumps as Google parent plans $80 billion fundraising for AI expansion

Alphabet stock price drew investor attention after Google parent Alphabet announced plans to raise as much as $80 billion to support a large expansion of its artificial intelligence infrastructure. The fundraising plan includes a public stock offering, a private investment from Berkshire Hathaway, and an additional share sale program. The company said demand for AI services continues to increase, creating pressure to expand computing capacity. The announcement comes as major technology companies continue investing billions of dollars in data centers, advanced chips, and AI systems. Alphabet’s latest move highlights the growing importance of artificial intelligence in shaping future business growth and competition across the technology sector.

Google parent unveils major fundraising plan

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