Alphabet is raising $80 billion to fund its AI data centre buildout -- and employee stock packages.
The $4.5 trillion market cap company said Monday that it needed the raise, which includes selling $10 billion of stock to Berkshire Hathaway, to “scale AI infrastructure and global compute”.
Alphabet on June 1 that it "expects 2027 capital expenditures to significantly increase compared to 2026" (when it expects its CapEx to be up to $190 billion, or over $3 billion every week.)
