Alphabet announced Monday that it will sell $80 billion in stock to fund capital expenditures for scaling AI infrastructure and global compute. The company will also sell $10 billion in stock specifically to Berkshire Hathaway.
Alphabet stated that it is experiencing strong demand for its AI solutions and services from enterprises and consumers at levels exceeding the company's available supply, and that the stock sale represents a balanced way to fund investments while maintaining a healthy balance sheet.
Alphabet expects to spend between $180 billion and $190 billion on capex before the year is out, with the broader tech industry expected to spend as much as $700 billion this year on AI capex.
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