Alphabet has secured a massive deal with SpaceX worth $920 million per month to provide AI computing power, part of a broader cloud services agreement exceeding $30 billion. To support its AI infrastructure, Alphabet plans to raise $85 billion in equity capital. Additionally, Berkshire Hathaway intends to invest $10 billion in Alphabet through a private placement.
Warren Buffett's Berkshire Hathaway plans a $10 billion investment in Alphabet as the tech giant seeks $85 billion to fund its massive AI infrastructure expansion.
Read the full storySpaceX has secured a massive $30 billion cloud services agreement with Google, a move analysts say significantly bolsters its valuation ahead of a potential IPO.
Alphabet's Google Cloud will provide SpaceX with critical AI computing infrastructure in a deal worth $920 million per month, validating its high-scale cloud capabilities.