Alphabet Inc announced plans to raise $80 billion through a stock sale to fund its AI infrastructure expansion, driven by high demand for its AI products. Berkshire Hathaway will purchase $10 billion of the shares directly. This move supports Alphabet's broader $180-$190 billion capital expenditure plan for 2026 amid a tech industry-wide surge in AI spending. The funds will help scale global compute capacity as competition intensifies in the AI sector.
In June, Google maintained steady user growth with 2.2 billion daily active users, while AI competitors Claude and Gemini saw sharp increases, growing 9% and 7% respectively. Gemini added the most daily users, gaining 8 million, followed by ChatGPT a...
The market is expected to stay stable and range-bound during the summer doldrums, with limited movement after struggling to surpass previous highs. Hyperscaler capital expenditures (capex) are anticipated to be the main driver for stock performance, ...
Google's parent company Alphabet is increasing its investment in artificial intelligence, which has supported strong business results despite a 7% decline in its shares over the past month. The company is expected to report its Q2 earnings on July 22...
Mark Lanier won a landmark $6 million verdict against Meta and Google, proving their platforms were designed to be addictive and harmful to children's mental health. The case, led by a young plaintiff named Kaley, exposed internal documents showing d...
