Alphabet to fund AI surge with $80B stock sale plan
Alphabet plans to raise about $80 billion by selling stock, including a $10 billion investment from Berkshire Hathaway, to fund expanded AI compute infrastructure as demand surges; the move comes with an updated capex outlook of up to $190 billion for the year, with roughly $30 billion in underwritten offerings (including $15 billion in depositary shares) and about $40 billion via an ATM program beginning in Q3, managed by Goldman Sachs, JPMorgan Chase and Morgan Stanley, with Berkshire’s stake having been around $20 billion prior to the announcement. Analysts see AI capex potentially exceeding $1 trillion by 2027.