Google has announced a $2.3bn funding round that will see it invest in technology companies, create new ventures and fund projects around the world.
The move comes as China struggles to contain its deadly pandemic, with the death toll now reaching 6,000.
In a statement, Google said it would use the funds to create “a network of partners” to help companies like Google with their research and development efforts.
“We are committed to working with other countries to find new solutions to these problems,” it said.
“In a similar way, we want to help countries and companies with their public health, safety and security problems, and we believe that in order to do so, we need to work with partners and partners are key to achieving our goals.”
Google will continue to build a community of experts and entrepreneurs that will bring innovation to solve problems.
“This will include working with private and public sector partners around the globe.
For example, the company has already set up a working group with Chinese government agencies to explore how to help the country tackle its pandemic.
Google’s announcement follows a series of recent announcements from the US tech giant.
It is expected to take the cash from the new round to spend in its existing operations, with plans to open an office in Shanghai, launch new products in the US and launch an online platform for US companies.
In the US, Google will be investing $5bn, while it is spending $1bn to set up an artificial intelligence lab at Stanford University.
The funding round is part of Google’s wider efforts to diversify its operations and grow its business.
Last week, Google revealed that it would be taking out $10bn of debt in an effort to help its operations cope with the global pandemics.
Google also said on Wednesday it was working on plans to sell its TV streaming service, which has been in development for over a decade.
But the announcement was criticised by some who felt it was too little, too late.
“It’s still too early to tell if this is a bad investment or a good one,” said David Warshaw, an analyst with research firm Gartner.