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Alphabet Announces $9B AI Investment in Virginia, GOOGL Stock Rises
Alphabet Announces $9B AI Investment in Virginia, GOOGL Stock Rises
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BTCCSquare news:
Alphabet (GOOGL) unveiled a $9 billion commitment to expand cloud and AI infrastructure in Virginia through 2026, including a new Chesterfield County data center. The initiative addresses surging energy demands while offering free AI training for Virginia college students through Google's $1 billion upskilling program.
GOOGL shares gained 2.4% following the announcement, offsetting regulatory pressures. Forty-four state attorneys general are pressing payment platforms to combat deepfake pornography, while the DOJ's antitrust probe into Alphabet's Chrome browser continues.
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