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Alphabet is raising $85 billion for AI — ride the Big Tech spending wave

Google's parent company, Alphabet, just announced it is raising a massive $85 billion to double down on artificial intelligence. This comes on the heels of SpaceX also raising billions for its AI and space ambitions.

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The biggest tech companies are in an absolute arms race to build the best artificial intelligence, and they are willing to spend unprecedented amounts of money to win. Alphabet actually increased the size of its fundraising just days after announcing it, showing extreme confidence from investors. When a company successfully raises this kind of cash to invest in growth, its stock usually gets a boost as the market anticipates future profits. Buying the AI heavyweights lets you ride this wave of massive corporate spending.

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GOOGLMETAMSFT1D#tech#ai#mega_cap

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