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Google owner Alphabet to sell $80bn in stock to fund AI spending spree

The Guardian Business Tuesday 02 June 2026, 12:33 UTC By Julia Kollewe and Graeme Wearden 1 min read
Key Points

Markets take note as world’s biggest equity fundraiser bids to garner more money than the three biggest-ever IPOs combinedBusiness live – latest updatesKenneth Rogoff: will AI create a permanent underclass?Google’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom. The move, the largest equity fundraising ever according to analysts,...

Markets take note as world’s biggest equity fundraiser bids to garner more money than the three biggest-ever IPOs combined

Google’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom.

The move, the largest equity fundraising ever according to analysts, includes a $10bn share sale to the US investment group Berkshire Hathaway, which was led until last year by Warren Buffett.

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Google (ORG) Alphabet (ORG) AI (ORG) US (LOCATION) Berkshire Hathaway (ORG) Warren Buffett (PERSON)
Originally published by The Guardian Business Read original →

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