Google upsizes historic equity raising to $85bn to back AI spending spree Google has significantly increased its equity offering to $85 billion, marking its first such move in over two decades. The offering has seen robust investor demand, indicating confidence in the company’s future. This substantial capital raise is intended to support the tech giant’s extensive investments in artificial intelligence.

• Google is increasing its equity offering to $85 billion.
• This is the company’s first stock offering in over two decades.
• Investor demand for the offering has been strong.
• The funds raised will support significant investments in AI. Continue reading https://www.ft.com/content/85299cdd-d9b3-4b40-8d10-73fc9ddb4573