Google is planning to raise $80 billion, with a $10 billion co-investment from Berkshire Hathaway.

BlockBeats News, June 2nd, according to Bloomberg, Google's parent company Alphabet is set to raise $80 billion through a package of equity financing to support its AI infrastructure and computing power expenditure plan. The financing includes a $40 billion ATM stock issuance program starting from the third quarter, $30 billion in common stock and mandatory convertible preferred stock underwriting, and a $10 billion investment agreement with Berkshire Hathaway, making it one of the largest equity deals in history.

Alphabet stated that AI is driving the company into an expansion phase, and the company aims to build infrastructure to support future growth opportunities through increased investment. Alphabet CFO Anat Ashkenazi previously stated that the company's 2027 capital expenditure will be significantly higher than the budget level of up to $190 billion in 2026. Bloomberg Intelligence analyst Mandeep Singh believes that with the new financing support, Alphabet's capital expenditure next year could reach $300 billion. This move by Alphabet may also divert funds originally intended for this year's IPO-bound companies such as SpaceX, Anthropic, and OpenAI.