Alphabet plans to raise $80 billion to pay for AI buildout

Alphabet plans to raise $80 billion through a stock sale, including a $10 billion placement to Berkshire Hathaway, to fund AI infrastructure and compute expansion.

The company said demand for its AI services is outpacing available supply, making additional data center and compute capacity a priority.

Alphabet also said it expects to spend $180 billion to $190 billion in capital expenditures this year.

The move underscores how expensive the AI race has become for major tech companies.