Alphabet Upsizes Offering for AI Spending to $85 Billion

Alphabet raised its equity offering to $84.75 billion from the $80 billion announced two days earlier, with proceeds intended to fund its growing AI spending plans.

Why it matters: All HKR axes pass: Bloomberg reports Alphabet raised an AI-spending offering to $84.75B, large enough for same-day coverage. Terms and timing are not disclosed, so it stays below the 90+ band.