Google is investing $80 billion in AI‎

Google's parent company Alphabet has just announced that it plans to raise $80 billion and invest that money in scaling its AI infrastructure. Alphabet will basically sell its own stock to get the cash, with a $30 billion public offering, a $40 billion program allowing the company to sell stock over time, and a $10 billion private placement investment from Warren Buffet's Berkshire Hathaway. Alphabet revenue grew 22% year-on-year to $110 billion in the first quarter of this year, while Google reached 350 million paid subscriptions in that quarter across its services. Alphabet...