Alphabet (GOOGL) announced a plan to raise $80 billion in equity capital to aggressively fund the expansion of its artificial intelligence infrastructure. The company stated that the demand for its AI services from both enterprises and consumers is exceeding its current supply, necessitating a major investment in its compute capacity.
The massive fundraising effort is highlighted by a $10 billion private placement investment from Warren Buffett's Berkshire Hathaway. The remainder of the capital will be raised through $30 billion in underwritten public offerings and a $40 billion at-the-market (ATM) program. This move follows Alphabet's recent forecast of capital expenditures reaching up to $190 billion for 2026, with further significant increases expected in 2027.