Key facts: Alphabet Inc. Class C $400 PT from Piper Sandler; Shares $337.58; 2027 Cloud $204B

Anthropic, an AI startup, plans to spend $518B over the next decade on cloud computing and AI infrastructure, with 80% of the spending non-cancelable. Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT) are expected to benefit, with commitments of $111.1B, $110B, and $31.4B respectively. Alphabet and Amazon have already recorded significant paper profits from their investments in Anthropic.

Alphabet (GOOG) shares fell 0.82% Tuesday. The company is appealing EU orders to share search data and open Android to AI rivals, citing security concerns. EU maintains the rules include privacy protections. GOOG stock is in a sideways trend, trading near its 200-day average.

Alphabet's GOOG shares fell to $337.825 as Google appeals EU orders to open its AI services to rivals. The EU aims to grant competitors access to Android features and search data, while Google argues this risks privacy and security. Investors watch whether rivals can leverage this access effectively. Shares are 33.79% above the GF Value of $252.50.

Alphabet's Google (GOOGL) has appealed two EU orders requiring it to open parts of Android to rival AI services and share search data with competitors, according to reports. The company is challenging the EU's directives, which could impact its market dominance and regulatory landscape. The outcome may affect Google's operations and competitive positioning in Europe.

Berkshire Hathaway, led by Greg Abel, increased its stake in Alphabet by $17 billion in Q2, making it the third-largest holding. The investment includes a $10 billion private placement and open-market purchases. Abel's focus on AI's impact on Berkshire's subsidiaries may be driving the investment strategy, differing from Warren Buffett's traditional approach.

Alphabet's Google plans to send AI chips into orbit next week aboard a SpaceX rocket, testing their performance in space conditions. The project, called Suncatcher, aims to explore the feasibility of large-scale machine learning infrastructure in space. Google's TPUs have undergone radiation and vibration testing, and the company is developing cooling systems for the space environment. Other companies, including SpaceX and Blue Origin, are also exploring orbital data centers.