Alphabet, the parent company of Google, plans to raise $80 billion through a stock offering to scale its artificial intelligence infrastructure. The funds are required to expand global computing capacity, as current demand for AI solutions already outpaces supply.

The transaction structure comprises a $30 billion public offering (split equally between mandatory convertible preferred shares and Class A and C common shares) and a $40 billion phased market sale program scheduled to begin in Q3 2026. Additionally, Warren Buffett’s holding will acquire $10 billion worth of Alphabet securities in a private placement ($5 billion each of Class A and C shares), further increasing Berkshire's stake, which has been growing since Q3 2025.

Approximately $30 billion from the market program will be reserved to cover 2026 tax obligations related to employee stock award vesting, with the remainder allocated to general corporate purposes. Alphabet described this move as a "balanced approach" to financing, aligning with projected capital expenditures of $180 billion to $190 billion in 2026 and expected further growth in 2027. Notably, the company reported Q1 revenue of $94.7 billion, driven by the ongoing AI boom.