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Posted On: June 2nd 2026, 08:48 pm
Google’s planning to raise $80 billion to invest in AI infrastructure, with a little help from the new regime at Berkshire Hathaway.
This is the largest equity raise in corporate history, and larger than the world’s three largest IPOs combined. Alphabet, Google’s parent company, is splitting it in three ways: $10 billion private placement to Berkshire Hathaway, $30 billion in underwritten public offerings, and a $40 billion flexible “at-the-market” program not necessarily meant for AI investment.
It seems like a pretty obvious flex from Berkshire’s new CEO Greg Abel, given his former boss’s avoidance of tech. And the move comes after CFO Anat Ashkenazi told analysts the company plans to step up spending next year, beyond the $180-$190 billion target.
Alphabet is a top-five holding in Berkshire’s portfolio, accounting for roughly 9.5% per publicly available data.
Alphabet stock fell about 4% on the news and closed at $358, down from its all-time high of $404.
This is the largest equity raise in corporate history, and larger than the world’s three largest IPOs combined. Alphabet, Google’s parent company, is splitting it in three ways: $10 billion private placement to Berkshire Hathaway, $30 billion in underwritten public offerings, and a $40 billion flexible “at-the-market” program not necessarily meant for AI investment.
It seems like a pretty obvious flex from Berkshire’s new CEO Greg Abel, given his former boss’s avoidance of tech. And the move comes after CFO Anat Ashkenazi told analysts the company plans to step up spending next year, beyond the $180-$190 billion target.
Alphabet is a top-five holding in Berkshire’s portfolio, accounting for roughly 9.5% per publicly available data.
Alphabet stock fell about 4% on the news and closed at $358, down from its all-time high of $404.
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