economy
Google upsizes historic equity raising to $85bn to back AI spending spree
Tech giant’s first stock offering in more than two decades gets strong demand as investors shrug off huge investment plans
TL;DR
- Google is increasing its equity offering to $85 billion.
- This is the company's first stock offering in over two decades.
- Investor demand for the offering has been strong.
- The funds raised will support significant investments in AI.