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Google owner Alphabet to sell $80bn in stock to fund AI spending spree
(www.theguardian.com)
This is a most excellent place for technology news and articles.
They’re funding this with shares of the company. Even though this investment will flop, they still have income as the number 1 data broker and ad company on the planet. Their investors will be unhappy to see the number go down, but it’s hard to bankrupt a company as large as Google.
I'm sure Alphabet is up for the challenge.