Alphabet raises $80 billion in stock to fund AI infrastructure
Key takeaways
- Beyond the Berkshire private placement, the raise breaks into two additional components, according to CNBC.
- The SEC filing identifies Goldman Sachs as the placement agent for the Berkshire transaction, while Goldman, JPMorgan Chase, and Morgan Stanley are jointly managing the underwritten portion of the raise.
- According to CNBC, Berkshire began accumulating shares in Alphabet starting in the third quarter of last year, and the holding had grown to roughly $20 billion in value by the time Monday s deal was revealed.
Alphabet raises $80 billion in stock to fund AI infrastructure Quartz · SOPA Images / Getty Images Cris Tolomia Tue, June 2, 2026 at 6:49 PM GMT+7 2 min read GOOG BRK-B Alphabet plans to raise $80 billion through stock sales to finance its artificial intelligence infrastructure expansion, with Berkshire Hathaway contributing $10 billion through a private placement.
In a statement, the company described the intended use of proceeds as "general corporate purposes, including capital expenditures to scale AI infrastructure and global compute." Alphabet also noted that demand for its AI offerings from both business and consumer customers has grown to a point that outstrips what the company can currently deliver.
Beyond the Berkshire private placement, the raise breaks into two additional components, according to CNBC. Of the remaining $70 billion, $30 billion is slated for underwritten offerings — half of that in depositary shares tied to mandatory convertible preferred stock — while a separate at-the-market program covering Class A and Class C shares is set to generate the final $40 billion, with that effort anticipated to launch sometime in the third quarter.