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Alphabet upsizes equity raise to $84.75B to support AI expansion
Proactive68d agoneutral
Alphabet upsizes equity raise to $84.75B to support AI expansion

Alphabet Inc (NASDAQ:GOOG) has increased the size of its previously announced equity financing package, lifting the total potential raise to $84.75 billion from an earlier target of $80 billion, as the company moves to accelerate investment in artificial intelligence infrastructure and compute...

5 reasons bitcoin prices are bleeding — besides Michael Saylor
Yahoo Finance Video68d agoneutralVIDEO
5 reasons bitcoin prices are bleeding — besides Michael Saylor

Bitcoin (BTC-USD) prices are plummeting, dipping below $65,000 on Wednesday. This comes as Strategy's (MSTR) Michael Saylor sold 32 coins. Scott Melker discusses the details in the video above."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Bitcoin didn't crash because Saylor sold 32 coins
Yahoo Finance Video68d agobearishVIDEO
Bitcoin didn't crash because Saylor sold 32 coins

In today's 'The Daily Wolf' episode, host Scott Melker discusses today's biggest crypto headlines: bitcoin, Michael Saylor, Mastercard, and others. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Apple’s WWDC Event Is Just Days Away. Don’t Expect Fireworks for the Stock, UBS Says.
Barrons.com68d agoneutral
Apple’s WWDC Event Is Just Days Away. Don’t Expect Fireworks for the Stock, UBS Says.

Apple big annual conference, where the tech company unveils its new products, is next week, but one analyst doesn’t think it will push up the stock. David Vogt of UBS gave his heads-up Wednesday about Apple’s Worldwide Developers Conference, which starts Monday at the company’s headquarters in Silicon Valley. Shareholders expect Apple to release new artificial-intelligence features after years of lagging behind its rivals on AI.

Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
Reuters68d agoneutral
Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions

Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign ‌of strong investor appetite for big tech companies as ‌they expand their AI infrastructure and computing power. On Monday, the Google parent ​said it would raise $80 billion, as big tech companies compete to out-build each other with AI data centers to get ahead in what executives see as a once-in-a-generation AI race. In a ‌filing dated June ⁠2, Alphabet said it now aimed to raise $18 billion through the sale of Class A and ⁠C shares and $16.75 billion from depositary shares.

Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months
24/7 Wall St.68d agoneutral
Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months

The artificial intelligence boom has created plenty of winners, but one company sits at the center of it all. Every major AI player — Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOG) — depends on a single manufacturer to turn advanced chip designs into physical products: Taiwan Semiconductor ... Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months

Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Buy It Could Make with its $400 Billion Pile of Cash
24/7 Wall St.68d agobullish
Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Buy It Could Make with its $400 Billion Pile of Cash

On June 1, CNBC reported that Berkshire Hathaway (NYSE:BRK-B) invested an additional $10 billion in Alphabet (NASDAQ:GOOGL) through a private stock purchase, deepening its bet on artificial intelligence. The move makes Berkshire Hathaway a meaningful participant in Alphabet’s larger $80 billion equity raise aimed at funding AI infrastructure and global computing capacity expansion. This is Berkshire’s ... Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Bu

Meta enters enterprise AI race with new business agent
Reuters68d agoneutral
Meta enters enterprise AI race with new business agent

Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player ‌in the enterprise AI market. Announced at the company's WhatsApp-focused Conversations conference in London, the new product ‌expands on existing business messaging services by enabling "agentic" capabilities in which the assistant can take actions like booking calendar appointments and closing ​sales on behalf of businesses. The company said more than 1 million businesses were already using earlier chatbot versions of such agents on WhatsApp and Messenger.

AI Underdog Gets $10 Billion Endorsement from an Unlikely Backer
24/7 Wall St.68d agoneutral
AI Underdog Gets $10 Billion Endorsement from an Unlikely Backer

It’s hard to believe that some might consider Alphabet (NASDAQ:GOOG) to be an underdog in the AI race. Indeed, it wasn’t all too long ago when it was Gemini that was hogging the headlines as it began to nip away at the market share of ChatGPT, as the model hit the ground running when OpenAI ... AI Underdog Gets $10 Billion Endorsement from an Unlikely Backer

The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.
24/7 Wall St.68d agoneutral
The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.

As the big wave of mega AI IPOs moves in, the retail crowd is probably eager to punch their ticket. Though it’s tough to tell where valuations will end on day one for the likes of Anthropic, OpenAI, and SpaceX, one thing is almost a guarantee: the trading activity is going to be wild. For ... The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.

Berkshire Under Buffett’s Successor Makes $10 Billion AI Bet
24/7 Wall St.68d agoneutral
Berkshire Under Buffett’s Successor Makes $10 Billion AI Bet

All eyes were on what Berkshire Hathaway (NYSE:BRK.B) was up to in its very first quarter with Warren Buffett’s successor, Greg Abel, at the helm. We’ve all heard about the size of the shoes that Abel will need to fill as the new CEO of the legendary conglomerate. In the first quarter, Mr. Abel did ... Berkshire Under Buffett’s Successor Makes $10 Billion AI Bet