Alphabet plans $80 billion stock sale to fund AI infrastructure, with Berkshire investing $10 billion
Alphabet said it plans to raise $80 billion through equity offerings to support its artificial intelligence spending plans. The company said the money will help fund investments in its AI compute infrastructure as it tries to meet strong customer demand.
As part of the plan, Berkshire Hathaway will invest $10 billion in Alphabet. The deal deepens Berkshire’s bet on Alphabet and adds a large outside investor to the company’s AI expansion effort.
Alphabet said the capital raise is aimed at financing its buildout of world-class AI infrastructure.
Alphabet is trying to raise money through stock sales to pay for AI-related infrastructure and spending.
Alphabet said it plans to raise $80 billion in equity capital.
Berkshire Hathaway is investing $10 billion as part of the plan.
Alphabet said it wants to fund AI compute infrastructure and meet customer demand.
CNBC
Bloomberg Markets and Finance
WSJ
Reuters
Benzinga
Investors Business Daily
Market Watch
TechCrunch
CNBC Television
PYMNTS
Proactive Investors
The Guardian
TechXplore
Business Insider
Seeking Alpha
Barrons
Schaeffers Research
24/7 Wall Street
MarketBeat
Invezz
Zacks Investment Research
Fast Company
Investopedia