Google parent Alphabet Inc. is raising $80 billion in equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund its ambitious artificial intelligence spending plans.
The offering includes a $40 billion so-called at-the-market program to sell shares from time to time beginning in the third quarter, according to a statement Monday. The company will also offer $30 billion in underwritten offerings of shares and mandatory convertible preferred stock, as well as the $10 billion deal with Berkshire.
“AI is driving an expansionary moment for Alphabet,” the company said in the statement. “By scaling its investments, the ...
