Alphabet, Google's parent company, has revealed plans to raise $80 billion for bolstering its AI infrastructure. This funding will come from a combination of a $30 billion public offering, a $40 billion program for gradual stock sales, and a $10 billion private investment from Warren Buffett's Berkshire Hathaway.
In the first quarter of this year, Alphabet reported a 22% year-over-year revenue increase, amounting to $110 billion, alongside Google achieving 350 million paid subscriptions across its services.
Alphabet anticipates its capital expenditures will soar to $180-190 billion by 2026, with significant growth expected in 2027. The $80 billion raised will support the company’s investments while maintaining a solid balance sheet, as noted in the official press release linked below.
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