Google looks to Wall Street as it spends $85 billion on AI
Alphabet has set terms for an enlarged $84.75 billion equity offering, looking to shore up cash for its AI infrastructure push. The tech giant is selling common stock, depositary shares, plus a $10 billion private deal with Berkshire Hathaway, Reuters said. It’s an uncommon stock sale for a company known for strong cash flow, showing how AI expenses are hitting even the biggest players. The focus for AI has shifted from building models and apps to the backbone—chips, power, land, cooling, and data centers. Alphabet flagged that demand for its AI products and services now outstrips supply. It’s planning $180 billion to $190 billion in capital spending for 2026, with more expected in 2027.