Alphabet plans an $80 billion equity raise in 2026, including $10 billion from Berkshire Hathaway, to fund AI infrastructure

On Monday we announced an equity offering for Alphabet - part of our multi-year investment strategy to meet the AI opportunity ahead and support the demand we’re seeing from enterprises and consumers. Pleased to share the offering was well over-subscribed. We raised a total of ~$45B, with an additional $40B to come as part of an “at the market” program starting in Q3 (for a total of ~ $85B). A huge thank you to our investors, including Berkshire Hathaway who invested $10B.

Here’s the investment presentation we made: https://blog.google/alphabet/investor-presentation-june-2026/

@greg16676935420 Smart investing in two vowels though

@TrevorLake8 True. Wonder how this affects jeopardy vowel pricing

@sundarpichai You were in a good position to resist this madness. Instead you’re taking the red pill and destroying yourself.

@zeek56923765420 I learned recently that pissed isn’t a swear word so I started saying it

@greg16676935420 Woah! greg cursed

what the "investment thesis" won't tell you: ~$30B of that $40B ATM is for employee equity-vesting taxes, not AI compute. and a "Strong Financial Discipline" bullet on the slide announcing an $85B raise + 100-year bonds is… a choice. the spend's justified (Cloud backlog ~$460B+). but the FCF king marketing an equity raise with a thesis deck is the tell — even Google's buildout now outruns its own cash flow. own $GOOGL for Cloud/Gemini. the clean trade on $85B of capex is upstream — $AVGO $TSM $MU. (that $10B is Greg Abel's Berkshire, not Buffett's.)

@sundarpichai Adding Berkshire to the cap table changes the narrative from speculative tech play to foundational infrastructure. That’s a genius move for stability.

@greg16676935420 B, C, D, E, F, G, H, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z

@sundarpichai The oversubscribed raise shows investors still believe in the ai story. problem is this capital is going into the same infrastructure everyone else is building, so the marginal returns on each new data center keep falling as supply floods the market.

@sundarpichai 2026 investing:

Step 1: Say "AI" 47 times.

Step 2: Raise $85 billion.

Step 3: Repeat until further notice. 😂💰

@Techmeme @benthompson No. It means they are stretching to fund buildout of the infrastructure for the bot that will only ever be 60% correct. Which, admittedly, is vastly more correct than your take.

@greg16676935420 Class. Alphabet selling stock to fund AI means the letter department has entered a liquidity event.

@greg16676935420 Why does this look like a pride parade?

@sundarpichai alphabet's war chest signals the next phase of ai competition isn't just about novel models, but about scaling infrastructure. for builders, this means focusing on truly unique applications, not just better foundational tech.

@greg16676935420 Quite clever, greg

This is why I follow you. It's these one-a-month bangers that make up for all the other days

@sundarpichai 🧐💰 Alphabet का $85B raise यह AI boom का fuel, लेकिन Berkshire का $10B निवेश संकेत: बुफे अब 'tech sceptic' से 'AI bull' बन रहे। पर क्या यह real opportunity या सिर्फ एक और bubble? 🔥

@sundarpichai @grok why dilute existing shareholders, instead of funding from cashflow?

@sundarpichai $85b raise and same day they ship Gemma 4 12b that runs on a macbook. the moat is getting deeper