Alphabet plans $80 billion stock sale as AI spending surges
Key takeaways
- The Google parent company's announcement comes on the same day as Anthropic said it had confidentially filed paperwork for an initial public offering
- The announcement comes as Anthropic, maker of the Claude chatbot, said it has filed confidentially for an initial public offering.
- Meanwhile, Elon Musk said SpaceX, which merged with his xAI company in February, is planning one of the biggest stock sales ever and could begin pitching the offering to investors as soon as this week.
Why this matters: an international story with cross-border implications worth tracking.
The Google parent company's announcement comes on the same day as Anthropic said it had confidentially filed paperwork for an initial public offering
https://p.dw.com/p/5Egs CThe moves reflect a broader AI spending race gripping the technology industry Image: Matteo Della Torre/Nur Photo/picture alliance Advertisement Google parent Alphabet said Monday it plans to sell $80 billion (€93 billion) in stock to fund a major expansion of its artificial intelligence (AI) infrastructure.
The announcement comes as Anthropic, maker of the Claude chatbot, said it has filed confidentially for an initial public offering. ChatGPT maker OpenAI is also widely expected to pursue a public listing.