Google's parent company is raising $80 billion to fuel its AI ambitions

**Imran Shaikh** (0:01)
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Google's parent company is raising $80 billion to fuel its AI ambitions. More on that coming up, but first, Motorola has unveiled a new mid-range phone, the Motorola Edge 2026, which you'll be able to get for $600.
Like previous Edge models, this one also has a thin profile and a lightweight design, 160.5 grams. With a thickness of 7.22 mm, however, it is thicker than the more expensive Motorola Edge 70, 5.9 mm, and the iPhone Air, 5.6 mm.
The device has a 6.3-inch AMOLED display that delivers 13% more resolution than standard HD and a 120 Hz refresh rate. For photography, the Edge 2026 has a 50-megapixel main sensor capable of shooting 4K videos, along with an ultra-wide lens with a 122-degree field of view and macro photography capabilities. It also has a 10-megapixel telephoto lens that can zoom up to 30 times the distance. Similar to most devices today, the phone uses AI to fine-tune the photos you take. Over in the world of EVs, Slate just revealed that pre-orders for its upcoming all-electric truck open up on June 24
Consumers will be able to finalize configurations and lock in a delivery window by plopping down $300.
However, it's non-refundable. Before June 24 arrives, folks can hand over a $50 reservation fee, which the company says will provide priority delivery timing. Final pricing will be revealed on that date, likely directly to buyers as they go through the configuration process. When these bare-bones trucks were first announced, the key selling point was their $20,000 price. However, that figure assumed a $7,500 federal tax credit for electric vehicles. Trump got rid of that, so the cost is currently up in the air. The company says that it will likely start in the mid-20s. However, it also says that the price is subject to change for the US market. Remember, you can find the latest Gadget news, reviews, price drops, and more right now at engadget.com.

**SPEAKER_2** (3:17)
So, you're saying with Hilton Honors, I can use points for a free night stay anywhere?

**Imran Shaikh** (3:22)
Anywhere.

**SPEAKER_2** (3:23)
What about fancy places like the Canopy in Paris? Yeah, Hilton Honors, baby. Or relaxing sanctuaries like the Conrad and Tulum?

**SPEAKER_3** (3:31)
Hilton Honors, baby.

**SPEAKER_2** (3:33)
What about the five-star Waldorf Astoria in the Maldives? Are you going to do this for all 9,000 properties?

**SPEAKER_4** (3:39)
When you want points that can take you anywhere, anytime, it matters where you stay. Hilton for the stay.

**Imran Shaikh** (3:49)
One of the biggest factors in the arms race for AI dominance is just how much capital companies are spending on the likes of data centers and compute power. Anthropic, which just filed to go public, last week said it had raised 65 billion dollars in its latest funding round. OpenAI has made over a trillion dollars in spending commitments. And now, Alphabet, Google's parent and one of the world's three most valuable companies, according to the whims of the stock market, is looking for more money to fuel its AI ambitions. Alphabet said in a press release that it's selling 80 billion dollars of stock to fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand. Holding company Berkshire Hathaway, which already had a stake that was worth around 20 billion dollars, is buying 10 billion dollars of that stock. During its most recent earnings call, Alphabet said it expected its capital expenditures for this year to be between 180 billion dollars and 190 billion dollars. It suggested that figure is likely to significantly increase in 2027 The company generated 110 billion dollars in the first three months of 2026, a 22 percent increase from the same period in 2025