Microsoft has issued similar warnings about capacity shortfalls.<\/p>\n
To help close that gap, Alphabet said it plans to raise the new funds through a combination of a US$30b public stock offering, a US$10b private sale to Berkshire Hathaway and a further US$40b share sale programme to be launched in the third quarter.<\/p>\n
The bulk of the proceeds will go toward expanding its AI infrastructure, with around US$30b of the share sale programme earmarked to cover tax obligations linked to employee share grants.<\/p>\n
In the first quarter, the company reported a profit of US$62.6b on revenue of US$110b, beating analyst expectations and surpassing the same period a year earlier by a wide margin.<\/p>\n
Shares have risen 18% over the past six months.<\/p>\n
The AI investment frenzy is also driving a wave of landmark sharemarket listings.<\/p>\n
Elon Musk\u2019s SpaceX is set to launch its initial public offering (IPO) roadshow this week targeting a valuation of around USD$1.75 trillion ($2.95t), while ChatGPT maker OpenAI and Claude developer Anthropic are both expected to go public later this year.<\/p>\n
Anthropic, the maker of the Claude chatbot, filed for its IPO on Monday (local time).<\/p>\n
Goldman Sachs, JP Morgan and Morgan Stanley are managing the public offering for Alphabet.<\/p>\n
\u2013 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"Microsoft has issued similar warnings about capacity shortfalls. To help close that gap, Alphabet said it plans to…\n","protected":false},"author":2,"featured_media":456435,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[231958,365,1796,696,9556,363,364,105754,8613,231960,52494,3468,13689,2678,295,367,122084,1702,9557,661,9878,111,139,69,6185,5202,2171,2515,781,145,61,231961,231959,6656,102],"class_list":["post-456434","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-134b","tag-ai","tag-alphabet","tag-announced","tag-artificial","tag-artificial-intelligence","tag-artificialintelligence","tag-berkshire","tag-billion","tag-buffetts","tag-committing","tag-deal","tag-expansion","tag-fuel","tag-fund","tag-google","tag-hathaway","tag-infrastructure","tag-intelligence","tag-major","tag-monday","tag-new-zealand","tag-newzealand","tag-nz","tag-parent","tag-part","tag-plans","tag-raise","tag-stock","tag-technology","tag-to","tag-us10b","tag-us80","tag-warren","tag-with"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/456434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=456434"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/456434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/456435"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=456434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=456434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=456434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}