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Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
Reuters115d agoneutral
Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions

Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign ‌of strong investor appetite for big tech companies as ‌they expand their AI infrastructure and computing power. On Monday, the Google parent ​said it would raise $80 billion, as big tech companies compete to out-build each other with AI data centers to get ahead in what executives see as a once-in-a-generation AI race. In a ‌filing dated June ⁠2, Alphabet said it now aimed to raise $18 billion through the sale of Class A and ⁠C shares and $16.75 billion from depositary shares.

Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months
24/7 Wall St.115d agoneutral
Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months

The artificial intelligence boom has created plenty of winners, but one company sits at the center of it all. Every major AI player — Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOG) — depends on a single manufacturer to turn advanced chip designs into physical products: Taiwan Semiconductor ... Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months

Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Buy It Could Make with its $400 Billion Pile of Cash
24/7 Wall St.115d agobullish
Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Buy It Could Make with its $400 Billion Pile of Cash

On June 1, CNBC reported that Berkshire Hathaway (NYSE:BRK-B) invested an additional $10 billion in Alphabet (NASDAQ:GOOGL) through a private stock purchase, deepening its bet on artificial intelligence. The move makes Berkshire Hathaway a meaningful participant in Alphabet’s larger $80 billion equity raise aimed at funding AI infrastructure and global computing capacity expansion. This is Berkshire’s ... Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Bu

Meta enters enterprise AI race with new business agent
Reuters115d agoneutral
Meta enters enterprise AI race with new business agent

Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player ‌in the enterprise AI market. Announced at the company's WhatsApp-focused Conversations conference in London, the new product ‌expands on existing business messaging services by enabling "agentic" capabilities in which the assistant can take actions like booking calendar appointments and closing ​sales on behalf of businesses. The company said more than 1 million businesses were already using earlier chatbot versions of such agents on WhatsApp and Messenger.

AI Underdog Gets $10 Billion Endorsement from an Unlikely Backer
24/7 Wall St.115d agoneutral
AI Underdog Gets $10 Billion Endorsement from an Unlikely Backer

It’s hard to believe that some might consider Alphabet (NASDAQ:GOOG) to be an underdog in the AI race. Indeed, it wasn’t all too long ago when it was Gemini that was hogging the headlines as it began to nip away at the market share of ChatGPT, as the model hit the ground running when OpenAI ... AI Underdog Gets $10 Billion Endorsement from an Unlikely Backer

The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.
24/7 Wall St.115d agoneutral
The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.

As the big wave of mega AI IPOs moves in, the retail crowd is probably eager to punch their ticket. Though it’s tough to tell where valuations will end on day one for the likes of Anthropic, OpenAI, and SpaceX, one thing is almost a guarantee: the trading activity is going to be wild. For ... The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.

Berkshire Under Buffett’s Successor Makes $10 Billion AI Bet
24/7 Wall St.115d agoneutral
Berkshire Under Buffett’s Successor Makes $10 Billion AI Bet

All eyes were on what Berkshire Hathaway (NYSE:BRK.B) was up to in its very first quarter with Warren Buffett’s successor, Greg Abel, at the helm. We’ve all heard about the size of the shoes that Abel will need to fill as the new CEO of the legendary conglomerate. In the first quarter, Mr. Abel did ... Berkshire Under Buffett’s Successor Makes $10 Billion AI Bet

Platform Shift Rewrites Software Models
Stocktwits115d agoneutralVIDEO
Platform Shift Rewrites Software Models

The market is undergoing a significant platform shift, rewriting software business models in real-time. This transition is causing investor apprehension about software multiples, as the predictability of revenue and cash flow is being challenged. The discussion covers the divergence between the S&P 500 and Nasdaq, the rotation into 'old economy' names, and the impact of AI on software valuations, highlighting companies like Palantir and Jumia, and the implications of Elon Musk's ventures and Google's century bonds.

Here comes the stock deluge
Axios115d agoneutral
Here comes the stock deluge

Alphabet, one of the most cash-rich companies in American history, has decided to sell new shares to help pay for its AI data centers .