Alphabet, the parent company of Google, announced on June 2 that it will raise $80 billion through stock sales to fund its artificial intelligence (AI) infrastructure. The company stated the funds will support its AI buildout to meet unprecedented customer demand. Berkshire Hathaway, led by Greg Abel, agreed to invest $10 billion in the offering, purchasing $5 billion in Class A common stock and $5 billion in Class C capital stock at a discount to market prices.
Alphabet plans to raise $30 billion through public equity offerings, including $15 billion in depositary shares representing mandatory convertible preferred stock and $15 billion in Class A and Class C common stock. An additional $40 billion will come from an at-the-market (ATM) offering for Class A and Class C common stock, expected to begin in the third quarter of 2026. The proceeds will be used for general corporate purposes, including scaling AI infrastructure and expanding global computing capacity. A portion of the funds will also cover 2026 tax obligations from employee equity awards.
The company has raised its capital expenditure forecast to between $180 billion and $190 billion for 2026, with further increases projected for 2027. Alphabet cited growing demand for AI-driven solutions as the primary driver for the expanded investment. Berkshire Hathaway has been increasing its stake in Alphabet since the third quarter of 2025, and the new investment will make it one of the conglomerate's largest holdings.