Google raises $85 billion for AI — buy the companies actually building the tech
Google's parent company just raised a massive $85 billion specifically to build out Artificial Intelligence, signaling that the biggest tech companies are going on an unprecedented spending spree for AI technology.
Idea
Alphabet just increased its fundraising to a staggering $85 billion to double down on artificial intelligence, proving that the AI arms race is only accelerating. This massive influx of corporate money will flow directly to the companies that build the physical chips and data centers required to run advanced AI. Nvidia is already reporting tens of billions in profits from this exact trend. As tech giants write bigger and bigger checks, the hardware suppliers stand to rake in predictable, massive revenues, making them a strong bet for a continued upward trend.