Google parent Alphabet to raise $80 bn to fuel AI expansion
San Francisco: Google parent Alphabet announced Monday it plans to raise up to $80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure, with Warren Buffett’s Berkshire Hathaway committing $10 billion as part of the deal.
The fundraising comes as Alphabet ramps up investment spending, with capital expenditures expected to reach $180-$190 billion in 2026 and set to rise further in 2027.
The move reflects a broader spending race gripping the technology industry.
