00:00Alphabet is making one of the biggest bets in corporate history, announcing plans to raise $80 billion to fuel its
00:07artificial intelligence expansion, including a $10 billion investment from Berkshire Hathaway.
00:13Google's parent company says demand for its AI products is growing so quickly that it's outpacing the company's available computing
00:21capacity, forcing an unprecedented infrastructure build-out.
00:24CER Sundar Pinchai recently said the biggest challenge is finding enough power, land and computing resources to keep up.
00:33The move comes as Alphabet, Microsoft, Meta and Amazon are expected to spend more than $700 billion combined on capital
00:41expenditures this year, with AI spending projected to top $1 trillion by 2027.
Comments