Alphabet Plans $80-B Raise to Fuel Massive AI Infrastructure Expansion

Alphabet, Google’s parent company, announced plans to raise up to $80 billion through equity offerings and financing arrangements to support increased spending on artificial intelligence infrastructure, Andrew Nusca reported for Fortune Tech.

Alphabet said demand for its AI services is expanding rapidly among both enterprise and consumer customers, outpacing current infrastructure capacity.

The financing package includes a $40 billion at-the-market share sale program, $30 billion in public offerings of shares and convertible securities, and a $10 billion investment arrangement with Berkshire Hathaway.

The company said demand for its AI services is expanding rapidly among both enterprise and consumer customers, outpacing current infrastructure capacity.

Alphabet also said it plans to spend between $180 billion and $190 billion in capital expenditures this year—roughly double its 2025 spending level—and expects further increases in 2027.

Shares of Alphabet fell about 2% in after-hours trading following the announcement.