Alphabet, the parent company of Google, has announced plans to raise $80 billion through a series of equity offerings to fund a sweeping expansion of its artificial intelligence infrastructure. The fundraising drive, unveiled on Monday, includes a $10 billion private placement with Berkshire Hathaway, the diversified conglomerate long led by legendary investor Warren Buffett and now headed by CEO Greg Abel — marking a significant vote of confidence in Alphabet's long-term AI and cloud strategy.

The $10 billion Berkshire investment will be split between $5 billion in Class A common stock, priced at $351.81 per share, and $5 billion in Class C capital stock at $348.20 per share — both below Monday's closing prices. The remaining $70 billion will come from two sources: $30 billion in underwritten public offerings, split evenly between depositary shares tied to mandatory convertible preferred stock and standard Class A and C shares, and a $40 billion at-the-market programme expected to launch in the third quarter, allowing Alphabet to sell shares gradually over time. Alphabet's shares fell roughly 2% in after-hours trading following the announcement.

The fundraising reflects the scale of investment Alphabet believes is necessary to meet what it describes as