<svg xmlns="http://www.w3.org/2000/svg" width="820" height="420" viewBox="0 0 820 420" font-family="'General Sans', system-ui, -apple-system, Segoe UI, sans-serif">
  <defs>
    <linearGradient id="g1" x1="0" y1="0" x2="1" y2="0"><stop offset="0%" stop-color="#7B2DB8"/><stop offset="100%" stop-color="#9b3fc9"/></linearGradient>
    <linearGradient id="g2" x1="0" y1="0" x2="1" y2="0"><stop offset="0%" stop-color="#C73252"/><stop offset="100%" stop-color="#d8506b"/></linearGradient>
    <linearGradient id="g3" x1="0" y1="0" x2="1" y2="0"><stop offset="0%" stop-color="#F05E2C"/><stop offset="100%" stop-color="#f5824f"/></linearGradient>
  </defs>
  <rect width="820" height="420" fill="#ffffff"/>
  <text x="48" y="56" fill="#1a1a1a" font-size="24" font-weight="700">Alphabet — anatomie d'une levée de 80 Md$</text>
  <text x="48" y="84" fill="#8a8a8a" font-size="13" font-family="'DM Mono', monospace" letter-spacing="1">TROIS ROBINETS POUR FINANCER LE CALCUL</text>

  <!-- segmented bar -->
  <rect x="48" y="120" width="362" height="46" rx="4" fill="url(#g3)"/>
  <rect x="410" y="120" width="271" height="46" fill="url(#g2)"/>
  <rect x="681" y="120" width="91" height="46" rx="4" fill="url(#g1)"/>
  <text x="229" y="149" fill="#ffffff" font-size="16" font-weight="700" text-anchor="middle">40 Md$</text>
  <text x="545" y="149" fill="#ffffff" font-size="16" font-weight="700" text-anchor="middle">30 Md$</text>
  <text x="726" y="149" fill="#ffffff" font-size="14" font-weight="700" text-anchor="middle">10</text>

  <!-- legend -->
  <rect x="48" y="210" width="16" height="16" rx="3" fill="url(#g3)"/>
  <text x="74" y="223" fill="#1a1a1a" font-size="15" font-weight="600">Au fil de l'eau — 40 Md$</text>
  <text x="74" y="244" fill="#8a8a8a" font-size="13">Actions A et C, à partir du 3ᵉ trimestre</text>

  <rect x="48" y="272" width="16" height="16" rx="3" fill="url(#g2)"/>
  <text x="74" y="285" fill="#1a1a1a" font-size="15" font-weight="600">Offres publiques garanties — 30 Md$</text>
  <text x="74" y="306" fill="#8a8a8a" font-size="13">dont 15 Md$ d'actions préférentielles à conversion obligatoire</text>

  <rect x="48" y="334" width="16" height="16" rx="3" fill="url(#g1)"/>
  <text x="74" y="347" fill="#1a1a1a" font-size="15" font-weight="600">Berkshire Hathaway — 10 Md$</text>
  <text x="74" y="368" fill="#8a8a8a" font-size="13">Placement privé (actions A à 351,81 $, C à 348,20 $)</text>

  <line x1="48" y1="390" x2="772" y2="390" stroke="rgba(0,0,0,0.12)" stroke-width="1"/>
  <text x="48" y="412" fill="#8a8a8a" font-size="12" font-family="'DM Mono', monospace" letter-spacing="1">CAPEX IA 2026 VISÉ : 180–190 MD$</text>
</svg>
