Google’s $80bn equity raise adds to that giant AI sucking sound

Financial Times·Jun 2

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Alphabet, the parent company of Google, plans to raise $80 billion in equity to fund its artificial intelligence plans. The move has sparked concerns about potential stock dilution, leading to a drop in Google's stock price. Meanwhile, another ai company, Anthropic, is also reportedly planning to sell shares in the US as its valuation approaches $1 trillion.

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Google’s $80bn equity raise adds to that giant AI sucking sound

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