ALPHABET CLOSES $84.75 BILLION EQUITY RAISE TO POWER AI COMPUTE BUILDOUTFUNDING
THE STORY
Google’s parent Alphabet closed its record-breaking $84.75 billion equity capital raise — upsized from an initial $80B target after overwhelming investor demand. The raise comprises three parts: a $30B public offering of Class A & C shares, a $40B at-the-market program, and a $10B private placement with Berkshire Hathaway. All proceeds fund AI compute: data centers, custom silicon, and global capacity. Alphabet projects $180–190 billion in total CapEx for 2026, making this the largest AI infrastructure bet in corporate history.
Sources: Alphabet Investor Relations · CNBC
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GOOGLE DELAYS GEMINI 3.5 PRO TO JULY AS EARLY TESTS FLAG TOKEN AND TASK ISSUESDELAY
THE STORY
Google quietly pushed Gemini 3.5 Pro general availability from June to July 2026, after early enterprise testers flagged problems with token efficiency, long-horizon task performance, and complex multi-stage coding. Google has not officially confirmed the delay. Adding to the pressure, four senior AI researchers — including Gemini co-lead figures — departed for OpenAI and Anthropic this month. Gemini 3.5 Flash remains available; Pro enters July facing direct competition from GPT-5.6 and Claude Opus 4.7.
Sources: CryptoBriefing · Bind AI Blog
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QUALCOMM ACQUIRES MODULAR FOR $3.9 BILLION IN BOLD EDGE AI CHIP PLAYACQUISITION
THE STORYQualcomm announced the acquisition of Modular for $3.9 billion, placing a major bet on edge AI computing. Founded by Chris Lattner (creator of LLVM and Swift), Modular builds the Mojo programming language (Python-compatible, 35,000x faster) and MAX, a hardware-agnostic AI inference engine deployable on any chip. Qualcomm plans to combine MAX with its Snapdragon platform to dominate AI inference on phones, PCs, cars, and factories — competing directly with Apple’s Neural Engine and NVIDIA Jetson.
Sources: Build Fast With AI · AI News