Google CEO Sundar Pichai sends a ‘thanks note’ to Warren Buffett’s Berkshire Hathaway; says: On Monday we announced…
Alphabet CEO Sundar Pichai has publicly thanked investors after Google parent’s massive equity offering was oversubscribed, with Warren Buffett’s Berkshire Hathaway leading the headline names with a $10 billion check. In a post shared after markets closed, Pichai confirmed Alphabet raised roughly $45 billion in the first leg of the offering, with another $40 billion expected through an “at the market” program starting in Q3—taking the total to around $85 billion. “A huge thank you to our investors, including Berkshire Hathaway who invested $10B,” he wrote.
The money has one job. It is going straight into Alphabet’s AI compute build-out, the same capacity crunch that Pichai recently described as the thing keeping Google executives up at night.
