Google owner Alphabet to sell $80bn in stock to fund AI spending spree

One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire HathawayBusiness live – latest updatesGoogle’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom.The move, one of the largest equity fundraisings ever, includes a $10bn share sale to the US investment group Berkshire Hathaway, which was led until last year by the investment guru Warren Buffett. Continue reading...