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Alphabet Breaks Global Equity Record with $85B Stock Sale Earmarked for AI
Original from AIInsider: Alphabet Breaks Global Equity Record with $85B Stock Sale Earmarked for AI

Alphabet Breaks Global Equity Record with $85B Stock Sale Earmarked for AI

Alphabet has achieved a historic milestone by completing the largest equity offering ever, raising a staggering $85 billion through two tranches. This record-breaking initiative was driven by significant investor interest, prompting the company to increase its initial target from $40 billion to $45 billion. CEO Sundar Pichai highlighted the success of the offering, revealing that Berkshire Hathaway alone purchased $10 billion in shares. This monumental fundraising effort surpasses the previous record held by a Brazilian oil company, marking a significant moment in financial markets.

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