Alphabet plans $80 billion raise for AI infrastructure (opens in new tab)

Alphabet said it plans to raise $80 billion through equity offerings to finance artificial intelligence infrastructure and global computing capacity, including a $10 billion private placement to Berkshire Hathaway. The Google parent said demand for its AI solutions and services exceeds available supply, and that the proceeds will help fund capital expenditures and other corporate purposes while preserving its balance sheet. The fundraising plan includes $30 billion in underwritten public offe...