Alphabet’s record-breaking $85B raise for Google’s AI business is a helluva good signal
Key takeaways
- If Alphabet s record-breaking, $85 billion stock sale signals investor appetite for AI-related offerings — and it does — we can safely say that investors are voracious.
- Alphabet plans to sell another $40 billion worth its next quarter, for $85 billion total.
- Even $80 billion would have topped the record for equity offerings previously set by Brazilian oil producer Petroleo Brasileiro SA, which raised $70 billion in 2010, Bloomberg reports.
Why this matters: a development in AI with implications for how people work, create, and decide.
If Alphabet s record-breaking, $85 billion stock sale signals investor appetite for AI-related offerings — and it does — we can safely say that investors are voracious.
Google s parent company had initially intended to sell a first tranche of $40 billion worth of various equity instruments — two different classes of shares, plus smaller depositary shares priced to be accessible to a broader range of investors. But the offering was so oversubscribed that it raised $45 billion instead, CEO Sundar Pichai said in a post on X on Monday. Among the buyers: Berkshire Hathaway, still known for its love of value investing, picked up $10 billion worth.
Alphabet plans to sell another $40 billion worth its next quarter, for $85 billion total.