Alphabet to raise $80 B in equity, $10 B to Berkshire

Alphabet Inc., the parent company of Google, announced plans to raise $80 billion through a series of equity offerings to fund a massive expansion of its artificial intelligence infrastructure. The fundraising, one of the largest in corporate history, includes a $10 billion private placement of stock to Warren Buffett’s Berkshire Hathaway.

The capital will be used to scale AI infrastructure and global computing capacity, with the company citing unprecedented customer demand from both enterprises and consumers that is currently exceeding available supply. Alphabet recently increased its full-year capital expenditure forecast to a range of $180 billion to $190 billion, with executives indicating spending will be significantly higher in 2027.

The fundraising structure consists of three components. Alongside the $10 billion private placement to Berkshire Hathaway, Alphabet plans to raise $30 billion through underwritten public offerings of common and mandatory convertible preferred shares. A further $40 billion will be raised through an at-the-market share sale program, set to begin in the third quarter. According to company disclosures, a portion of the proceeds from the...