India, June 2 -- Alphabet Inc. (GOOG) has announced plans to raise $80 billion by issuing stock and attracting private investment to build out its artificial intelligence infrastructure.
The demand for its AI products and services is outpacing current computing capacity, leading to a significant expansion of data centers and related infrastructure. Berkshire Hathaway is set to invest $10 billion as part of this effort.
Additionally, Alphabet plans to raise $30 billion through underwritten offerings and another $40 billion via a share sale program that's expected to kick off in the third quarter.
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This fundraising initiative aligns with Alphabet's increas...