Alphabet plans – Alphabet says it plans to raise $80 billion through stock sales, including a $10 billion investment from Berkshire Hathaway, to fund AI compute infrastructure as demand from enterprises and consumers outstrips available supply.
For a company that already powers some of the world’s most used services, the next leap in artificial intelligence is arriving with a price tag—and a financing plan to match it.
Alphabet said Monday it plans to sell $80 billion in stock. The package includes a $10 billion investment by Berkshire Hathaway. The company laid out the purpose plainly in its filing: the capital will “fund investments in its world-class AI compute infrastructure” to meet “unprecedented customer demand.”.
Alphabet’s executives also framed the problem in blunt supply-and-demand terms. The company said it is seeing strong demand for its AI solutions and services from enterprises and consumers. with those levels “exceeding the company’s available supply.” The move to scale. the filing said. is meant to expand foundational infrastructure so it can support what Alphabet described as a “significant growth opportunity ahead.”.
The stock sale comes as Alphabet increases its AI spending this year. In April, the company revised its capital expenditure forecast for 2026 to between $180 billion and $190 billion, up from a previous estimate of $175 billion to $185 billion.
Alongside that spending shift, Alphabet laid out how the $80 billion raise would be structured. Beyond the $10 billion investment from Berkshire Hathaway, Alphabet plans $30 billion in underwritten offerings. Within that amount, $15 billion would come from depositary shares representing mandatory convertible preferred stock. The remaining $40 billion would be raised through an at-the-market offering program for Class A and Class C shares. expected to begin in the third quarter.
The sequence of numbers paints a single, consistent picture: Alphabet is budgeting for a larger AI compute footprint, then lining up financing to match, after telling investors that demand is already running ahead of what it can supply today.
Alphabet has not suggested the story is slowing down. Its filing ties the raise directly to expanding infrastructure. and it links the urgency to customer demand that—by its own description—is outpacing available supply. With the at-the-market program expected to start in the third quarter and the other components already mapped through underwritten offerings. the plan is set up to convert that demand into capacity as quickly as the markets will fund it.
Alphabet stock sale $80 billion Berkshire Hathaway AI compute infrastructure AI demand capital expenditure forecast at-the-market offering depositary shares representing mandatory convertible preferred stock Class A shares Class C shares third quarter 2026 Google I/O