Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
Key takeaways
- On Monday, the Google parent said it would raise $80 billion, as big tech companies compete to out-build each other with AI data centers to get ahead in what executives see as a once-in-a-generation AI race.
- In a filing dated June 2, Alphabet said it now aimed to raise $18 billion through the sale of Class A and C shares and $16.75 billion from depositary shares.
- The company s plans to raise $10 billion through a private placement of shares to Berkshire Hathaway and another $40 billion at-the-market offering program in the third quarter remain unchanged.
Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions Reuters Wed, June 3, 2026 at 10:36 PM GMT+7 1 min read GOOG BRK-B June 3 (Reuters) - Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI infrastructure and computing power.
On Monday, the Google parent said it would raise $80 billion, as big tech companies compete to out-build each other with AI data centers to get ahead in what executives see as a once-in-a-generation AI race.
In a filing dated June 2, Alphabet said it now aimed to raise $18 billion through the sale of Class A and C shares and $16.75 billion from depositary shares. It had earlier planned to raise $30 billion through concurrent public offerings backed by investment banks, split evenly between the two.