Alphabet, the parent company of Google, plans to raise $80 billion through stock sales to fund its growing artificial intelligence ambitions.
The company said the proceeds will be used to expand AI infrastructure, including data centres, computing power and advanced AI systems. Reports indicate that the fundraising package includes a $10 billion investment from Berkshire Hathaway.
The move reflects the enormous capital requirements of the global AI race as technology giants compete to build next-generation AI platforms. The announcement highlights Alphabet’s commitment to scaling its AI capabilities to meet rapidly growing demand.