Alphabet to sell $80bn in stock to fund AI spending spree Google’s parent company, Alphabet, intends to sell approximately $80 billion in stock over the next year to finance increased spending on artificial intelligence and other long-term strategic priorities. This planned stock sale is anticipated to be the largest by any company since at least 2008, supporting a projected 50% increase in capital expenditures to $45-50 billion for AI and cloud infrastructure in 2024. Alphabet also expects a 20% growth in operating expenses to attract and retain AI talent, with analysts holding mixed views on the sustainability and long-term impact of these significant investments.

• Alphabet plans to sell about $80 billion of stock in the next year.
• This funding will support increased spending on artificial intelligence and other long-term priorities.
• Capital expenditures are expected to rise by 50% in 2024 to $45-50 billion for AI and cloud infrastructure.
• Operating expenses are projected to grow by 20% to recruit and retain AI talent.
• Analysts have divided opinions on the long-term sustainability and implications of Alphabet’s increased spending. Continue reading https://www.ft.com/content/341f151b-f472-4530-8579-d4b803519257