Alphabet announced on June 1 a sweeping $80 billion equity raise to bankroll its artificial-intelligence infrastructure, saying demand for its AI products is outstripping the compute it can supply. The package includes $30 billion in underwritten public offerings, a $40 billion at-the-market share program expected to begin in the third quarter, and a $10 billion private placement to Warren Buffett's Berkshire Hathaway.
The Google parent recently lifted its 2026 capital-expenditure guidance to $180-190 billion, and the stock sale covers a large slice of that bill. Alphabet said it is "experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company's available supply."
CEO Sundar Pichai framed scaling up as the central challenge: "Be it power, land, supply chain constraints: how do you ramp up to meet this extraordinary demand for this moment?" The Berkshire stake is a notable vote of confidence from Buffett's firm in Alphabet's AI bet.