Alphabet Taps Investors to Fund Its AI Buildout

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 2 June 2026

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for June 2. Google parent Alphabet plans to issue $80 billion in equity this year to pay for its massive spending tied to the AI race. Plus, California voters head to the polls in a closely-watched primary to choose Governor Gavin Newsom’s successor. And WSJ foreign correspondent Stephen Kalin details a new demand by President Trump complicating efforts to negotiate an end to the Iran war: that Arab states establish diplomatic relations with Israel. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Isn't home where we all want to be?
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0:08.0	You're searching for the one.
0:10.0	With over 500,000 new listings every month, you can find the one today.
0:15.3	Download the realtor.com app because you're nearly home.
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0:25.0	Over 500,000 new listings every month based on average new for sale and rental listings,
0:28.2	July 24 to June 2025.
0:32.9	California voters head to the polls in a closely watched primary to choose Governor Gavin Newsom's successor.
0:39.3	Plus, a massive Russian attack on cities across Ukraine kills at least 11 people.
0:45.3	And a cap in hand, Google asks for billions to fund the AI build-out.
0:50.3	Companies like Google and Microsoft have been using their internal profits to reinvest
0:56.2	in AI. They've been raising debt, which they have to pay back. And so this is the next leg.
1:01.5	We're going to go to our shareholders and ask for more money, which is a commitment.
1:06.7	It's Tuesday, June 2nd. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today.
1:18.5	It is primary day in a number of U.S. states, including the nation's largest California.
1:25.2	National politics reporter Eliza Collins has been covering the race for governor
1:29.1	there. Despite some early chaos in the field of Democrats seeking the office, including Representative
1:35.1	Eric Swalwell's abrupt exit from the contest amid sexual misconduct allegations, the contest
1:40.9	has quieted down considerably. So unlike most places, California has a top two primary system, which means everybody is
	...

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