Google parent Alphabet will raise $80 billion in equity capital to pay for ambitious artificial intelligence spending plans. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)

Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund ambitious and growing artificial intelligence spending plans.

Lawsuits in the US and the UK allege the company’s Steam store is abusing its market power. Valve disagrees.