BREAKINGVIEWS-Mega tech equity raises only start the AI engines
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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Sebastian Pellejero
NEW YORK, June 9 (Reuters Breakingviews) - Amazon, Alphabet, Meta and Microsoft’s record-breaking bond and stock sales show unerring faith in chatbots. With $840 bln in expected spending next year nearly matching cash flow, the case to raise capital now is clear. Past years suggest the sums will only get bigger.
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CONTEXT NEWS
Meta Platforms is considering raising tens of billions of dollars in a stock offering to fund boss Mark Zuckerberg’s vast ambitions in AI, following Google’s record $85 billion share deal, the Financial Times reported on June 5 according to people familiar with the plans.
On June 8, Amazon.com launched a sale of roughly $10 billion of investment-grade bonds denominated in Canadian dollars, the largest corporate bond offering ever in the currency.