Alphabet is looking to raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, the Google parent said on ​Monday, in its aggressive push to fund a costly expansion of its AI infrastructure.
The ‌deal brings in Warren Buffett’s diversified holding company as a major new investor, adding a high-profile endorsement of Alphabet’s long-term AI and cloud strategy. Alphabet raised its annual capital spending forecast by $5 billion to between $180 billion and $190 billion in ​April, ramping up investments to capture growing AI-driven computing demand with its business AI tools ​and custom chips. The Google parent will sell $10 billion worth of shares to Berkshire ⁠in a private placement, comprising $5 billion in Class A common stock at $351.81 per share and $5 ​billion in Class C capital stock for $348.20 per share, both below Monday’s closing prices.

Full report : Google selling $10 billion of equity to Berkshire Hathaway in an effort to raise a whopping $80 billion for AI infrastructure .