Currency
  • Loading...
Weather
  • Loading...
Air Quality (AQI)
  • Loading...

Alphabet, Google's parent company, announced plans to sell $80 billion in stock to fund a major expansion of its artificial intelligence infrastructure. The funds will be used to build data centers and computing capacity.

On the same day, Anthropic, maker of the Claude chatbot, revealed it had confidentially filed for an initial public offering. OpenAI, creator of ChatGPT, is also widely expected to pursue a public listing later this year.

Elon Musk's SpaceX, which merged with his xAI company in February, is planning one of the biggest stock sales ever and could begin pitching to investors as soon as this week.

Alphabet's fundraising includes public stock offerings, a long-term stock sale program, and a $10 billion private investment from Berkshire Hathaway. The company cited strong demand for AI solutions exceeding available supply.

Anthropic's confidential IPO filing with the SEC allows regulatory review while financials remain private. The company recently raised $65 billion at a $965 billion valuation.

SpaceX targets a valuation of around $1.75 trillion. Wedbush Securities analyst Dan Ives called these moves "an opening of the floodgates" for the IPO market, which has been relatively dormant for years.

Source: www.dw.com