Alphabet announced a plan to raise $80B in equity capital to fund the rising costs of its AI infrastructure, with Berkshire Hathaway agreeing to invest $10B through a private placement. The raise includes $30B in underwritten public offerings and a $40B at-the-market program expected to begin in Q3 2026. Berkshire's $10B investment adds to a position it has built since Q3 2025. Alphabet said the proceeds will go toward general corporate purposes, including scaling AI compute and global infrastructure to meet what it called “unprecedented customer demand.” Goldman Sachs, JPMorgan, and Morgan Stanley are serving as joint book-running managers.
