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, announced plans to raise $80bn through the sale of shares to fund its rollout of artificial intelligence (AI) infrastructure.
- A notable part of this fundraising is a $10bn stock deal specifically with Berkshire Hathaway, led by Warren Buffett.
- The remaining $70bn will be sourced through $30bn in underwritten offerings and $40bn in staggered sales on the open market.
- The influx of capital aims to support the unprecedented customer demand for Alphabet’s AI solutions and services, aligning its supply with market expectations.
- The tech giant expects its capital expenditures to rise significantly, mirroring a broader trend where major US tech companies are investing heavily in AI infrastructure.
