Google parent Alphabet to sell $80bn in stock to fund AI plans | Technology News
Google parent Alphabet to sell $80bn in stock to fund AI plans | Technology News
Publish Date: 2026-06-02 00:18:00
Source Domain: www.aljazeera.com
- Alphabet, Google’s parent company, plans to raise $80 billion to fund its rollout of artificial intelligence (AI).
- The fundraising includes a $10 billion stock sale to Berkshire Hathaway led by Warren Buffett.
- The remaining $70 billion will come from $30 billion in underwritten offerings and $40 billion in staggered open market sales.
- Alphabet cites “unprecedented customer demand” for its AI solutions and expects significant capital expenditure growth for AI infrastructure.
- The company projects capital expenditures to reach $180-190 billion this year and more in 2027.
- Silicon Valley tech giants, including Alphabet, are in an intense race to lead the AI buildout.
- Analysts highlight compute capacity as a crucial factor for future revenue growth in AI, with Alphabet opting for equity funding to limit balance sheet strain.
