In a landmark move underscoring the intensifying artificial intelligence race, Google parent company Alphabet has raised approximately $85 billion through an upsized equity offering, making it the largest stock sale ever recorded.
As per reports, the fundraising, which was originally announced at $80 billion, increased to $84.75 billion after attracting strong investor demand. The offering includes common stock sales, mandatory convertible preferred shares, a $10 billion private investment from Berkshire Hathaway, and an additional $40 billion at-the-market equity programme expected to begin later this year.
Alphabet said the proceeds will be used to fund its aggressive AI expansion plans, including investments in data centres, computing infrastructure and the capacity required to train and deploy advanced AI models at scale. The company has projected capital expenditure of up to $190 billion in 2026, with spending expected to increase further in 2027.
Reports also suggest that the transaction surpasses the previous record for an equity offering, overtaking Petrobras’ $70 billion share sale in 2010. Industry observers view the fundraising as a strong signal of investor confidence in AI-related infrastructure despite growing concerns around the escalating costs of competing in the sector.
The move also reflects a broader trend among technology giants including Amazon, Microsoft and Meta, which are collectively expected to spend hundreds of billions of dollars on AI infrastructure and compute resources over the coming years.
