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Alphabet's Equity Pivot is Boost to Hyperscaler Credit
Bloomberg73d agoneutralVIDEO
Alphabet's Equity Pivot is Boost to Hyperscaler Credit

Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund ambitious and growing artificial intelligence spending plans. Ted Mortonson, Managing Director: Technology at Baird, discusses this offering, the historic AI infrastructure buildout, and the companies powering the current tech cycle.

Bloomberg73d agoneutral
Trump Signs Order on AI Security, Stops Short of Mandatory Tests

(Bloomberg) -- President Donald Trump signed a long-awaited executive order directing US agencies to work with artificial intelligence companies to protect networks from AI-enabled cyber attacks. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz

AI demand, earnings optimism lift tech giants' market value in May
Reuters73d agoneutral
AI demand, earnings optimism lift tech giants' market value in May

The world's most valuable technology companies with the exception of Alphabet added billions ‌of dollars in market value in May, ‌as upbeat earnings outlooks and strong demand for AI chips fuelled ​a rally in their shares. Apple, memory chipmakers Micron Technology, Samsung Electronics and SK Hynix led the gains, adding $598 billion, $512 billion, $481 billion and $377 billion, respectively, in market value. Their ‌valuations rose to $4.58 ⁠trillion, $1.09 trillion, $1.10 trillion and $1.34 trillion, respectively.

How Google’s $80 Billion Equity Plan Compares to the Biggest Ever
The Wall Street Journal73d agoneutral
How Google’s $80 Billion Equity Plan Compares to the Biggest Ever

The gargantuan funding requirements of developing artificial intelligence has already set records for the funding rounds in private markets. Now the list of largest-ever equity issues on the stock market is set to be rewritten too. The largest component of Alphabet’s proposed $80 billion equity issue—$40 billion, to be sold into the market—will be roughly on par with the size of Saudi oil giant Aramco’s 2019 initial public offering, adjusted for inflation.

Google Stock Dips on $80 Billion Equity Raise Plan
The Wall Street Journal73d agoneutral
Google Stock Dips on $80 Billion Equity Raise Plan

Shares in Alphabet are down premarket after the Google parent unveiled a giant equity issue plan that underscored the epic bill for the AI buildout. The stock is down 2.5% premarket, enough to wipe more than $100 billion off the company’s market value.

Greg Abel’s Week Is Off to Quite a Start
The Wall Street Journal74d agoneutral
Greg Abel’s Week Is Off to Quite a Start

It's been a busy few days for Berkshire Hathaway CEO Greg Abel, who took over for Warren Buffett Jan 1. On Sunday night Berkshire announced it would buy home builder Taylor Morrison Home Corp. for $6.

Alphabet to raise $80 billion in equity capital for AI spending
Reuters74d agoneutral
Alphabet to raise $80 billion in equity capital for AI spending

Alphabet said on Monday it aims ‌to raise $80 billion ‌in equity offerings, which will include ​an investment deal with Berkshire Hathaway. The Google parent has agreed to sell $10 billion ‌worth of ⁠shares to Warren Buffett's Berkshire Hathaway in a ⁠private placement, comprising $5 billion in Class A common ​stock at $351.81 ​per ​share and $5 billion ‌in Class C capital stock at for $348.20 per share. "The company is experiencing strong demand for its AI solutions ‌and services from ​enterprises and ​consumers, at ​levels that are ‌exceeding the company's ​available supply," ​Alphabet said.

McDonald's Wants to Feel More Upscale With Wings, Restaurant Remodels
Bloomberg74d agoneutral
McDonald's Wants to Feel More Upscale With Wings, Restaurant Remodels

(Bloomberg) -- McDonald’s Corp. is betting on everything from fancier chicken to new playgrounds as part of a campaign to make fast food feel less like fast food.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectRussia Finance Officials Tell Putin War Spending Is UnaffordableStocks Up as Trump Cites Rapid Pace in Iran Talks: Markets Wra

Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows
Reuters74d agoneutral
Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows

BRUSSELS/AMSTERDAM, June 1 (Reuters) - The European Union plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon, Microsoft and Google from such ‌projects, according to documents seen by Reuters. The proposal is part of the European Commission's Cloud and AI Development ‌Act, which EU tech chief Henna Virkkunen will unveil on Wednesday as part of a package aimed at reducing the bloc's dependence on U.

Analysis-AI debt sales reshape global corporate bond markets
Reuters74d agoneutral
Analysis-AI debt sales reshape global corporate bond markets

From Europe to Japan and Switzerland, huge bond issues by Big Tech companies are proving that smaller markets, often overshadowed by the U.S., can punch above their weight in the $40 trillion world of corporate debt. Google-parent Alphabet is already one of the biggest ‌outstanding borrowers in the sterling and Swiss franc corporate bond markets, while Amazon raised 14.5 billion euros ($16.88 billion) in March from an eight-part deal, the ‌largest ever in the euro corporate bond market, according to LSEG. Debt issues by so-called "hyperscalers" - or Big Tech companies - outside the United States are part of a push to diversify their funding early on, bankers said, as ​they look to finance trillions of dollars of investment in AI infrastructure, especially data centers, in the years ahead.

Apple’s next AI test may not be Siri
TheStreet76d agoneutral
Apple’s next AI test may not be Siri

Apple (AAPL) doesn’t have to win the artificial intelligence model competition to win the next phase of AI. That's the bet underlying Bank of America's latest Apple call. Wamsi Mohan, an analyst at BofA, increased his price target on Apple to $380 from $330 and reiterated a Buy rating on May 26. ...