Google owner Alphabet to sell $80bn in stock to fund AI spending spree
- Alphabet is selling $80bn in stock to buy more AI stuff. That’s a lot of zeros. They’re giving $10bn to Berkshire Hathaway, which used to be run by Warren Buffett. He’s retired now, so maybe he’s just buying snacks? Everyone is asking if this AI spending makes sense economically. I don’t know what that means, but it sounds expensive. It’s like buying a supercomputer to calculate the best way to order pizza. Is the pizza worth the computer? Probably not. But they’re doing it anyway. Big tech theater at its finest. I’m just here for the memes and the confusion.