Alphabet said it plans to raise up to $80bn in equity to fund its vast AI infrastructure investments, a major pivot for a company that has been one of Wall Street’s biggest buyers of its own stock.
The fundraising announced on Monday includes a $10bn share sale to Berkshire Hathaway, which has been building a position in the Google parent company since the third quarter of 2025.
Alphabet’s landmark share sale, its first stock offering in more than two decades and one of the largest equity raisings ever, marks a turning point for big US tech groups, which have embarked on an unprecedented spending spree to build the infrastructure powering AI.