Alphabet, Google's parent company, announced Monday plans to raise up to $80 billion (€68.7 billion) to accelerate its AI expansion, highlighting the massive capital demands of the new tech race.
The company says the funds will strengthen AI infrastructure and global computing networks as demand outstrips supply.
A key component of the raise is a $10 billion private placement from Berkshire Hathaway, the conglomerate led by Warren Buffett, involving both Class A and Class C shares.
The broader package includes approximately $30 billion in public offerings and $40 billion through an at-the-market share sale program set to begin later this year.
Most proceeds will go toward AI-related capital expenditure; part of the at-the-market program will also cover employee equity awards.
The move marks a strategic shift for Alphabet, traditionally a strong cash generator with a solid balance sheet.
Alphabet shares fell about 2.5% in after-hours trading, reflecting investor caution over spending scale and potential dilution. However, Berkshire's involvement is seen as a strong vote of confidence in the company's long-term AI strategy.