Alphabet plans to raise $80-billion for AI goals, Berkshire to invest $10-billion
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- Alphabet plans to raise $80 billion in equity, including a $10 billion private placement with Berkshire Hathaway.
- Berkshire Hathaway will purchase $5 billion of Alphabet Class A shares at $351.81 and $5 billion of Class C shares at $348.20, both below market price.
- Alphabet lifted its annual capital‑spending forecast by $5 billion to $180‑$190 billion to accelerate AI infrastructure and custom chip development.
- Alphabet has already issued $85 billion of debt across six currencies, pushing total debt above $100 billion.
- Alphabet intends to sell $30 billion via concurrent public offerings and launch a $40 billion at‑the‑market program in Q3.
Why it matters: Alphabet secures massive funding to accelerate AI infrastructure, while Berkshire gains a sizable stake at a discount; the infusion puts pressure on Alphabet’s balance sheet but fuels its race to dominate AI services.
