Alphabet, Google’s parent company, announced Monday that it is raising $80 billion in new equity to expand its artificial intelligence infrastructure, joining Berkshire Hathaway Inc. participates in a $10 billion private placement.
According to a new press release, Berkshire say it will purchase $5 billion of Alphabet Class A common stock at $351.81 per share and $5 billion of Class C capital stock at $348.20 per share, with Goldman Sachs acting as
placement agent.
“Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced an equity offering totaling $80 billion as part of its plan to fund investments in its world-class AI computing infrastructure to meet its needs.
unprecedented customer demand.”
The broader raise consists of $30 billion in concurrent public offerings – including $15 billion in mandatory convertible preferred stock and $15 billion in common and capital stock – plus a $40 billion at-the-market program launching in the third quarter of 2026.
Alphabet said the proceeds will fund capital expenditures to scale AI infrastructure and global computing power. The company expects capital expenditures of $180 billion to $190 billion for 2026, with expenditures expected to increase further in 2027.
Alphabet reported total revenue of $110 billion for the first quarter of 2026, up 22% year-over-year, with Google Cloud revenue growing 63% over the same period. Google Cloud’s backlog nearly doubled quarter-over-quarter to more than $460 billion.
The company said it raised more than $85 billion in debt in six currencies last year, bringing its total outstanding debt to more than $100 billion.
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