Google parent Alphabet to sell $80bn in stock to fund AI plans

Image for article Google parent Alphabet to sell $80bn in stock to fund AI plans
News Source : Al Jazeera English

News Summary

  • US tech behemoths, such as Alphabet, Microsoft, Amazon and Meta, are expected to spend some $800bn on AI-related capital investment in 2026.
  • The company said in its most recent earnings call that it expected its capital expenditures to reach $180-190bn this year, and rise “significantly” in 2027.
Alphabet, Googles parent company, has announced plans to sell $80bn worth of shares to fund its rollout of artificial intelligence.

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