Alphabet is raising $80 billion through three mechanisms: a $40 billion at-the-market share sale program beginning in the third quarter, $30 billion in underwritten common shares and mandatory convertible preferred stock, and a $10 billion investment deal with Berkshire Hathaway.
The capital will support Alphabet's tensor processing units (TPUs — in-house AI processors designed as an alternative to Nvidia's chips) and infrastructure to meet growing demand for AI services.
CFO Anat Ashkenazi stated in April that 2027 capital expenditures will be significantly higher than the up to $190 billion budgeted for 2026, while Bloomberg Intelligence analyst Mandeep Singh said spending could possibly reach $300 billion next year.
Summaries like this, in your inbox every morning.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
