Alphabet increased its total equity offering to $84.75 billion to expand its artificial intelligence infrastructure. The company initially announced an $80 billion capital raise on June 1, 2026. Strong investor demand drove the decision to upsize the public offering portion.
Proceeds will scale computing capabilities to meet unprecedented customer demand. The multi-part offering includes public sales of common and depository shares. It also features a $40 billion at-the-market program.
Berkshire Hathaway committed $10 billion through a private placement. This move underscores the intense competition among major tech companies to build out AI data centers.