Google owner Alphabet to sell $80bn in stock to fund AI spending spree

Markets take note as world’s biggest equity fundraiser bids to garner more money than the three biggest-ever IPOs combinedBusiness live – latest updatesKenneth Rogoff: will AI create a permanent underclass?Google’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the …