Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is looking to raise $80 billion through massive equity offerings to fund its aggressive artificial intelligence (AI) infrastructure push, sparking sharp criticism from prominent Wall Street voices.
The $80 Billion Funding Breakdown
The Google parent company announced plans to secure the capital through a multi-tiered corporate financing strategy.
This includes a high-profile $10 billion private placement to Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK), split evenly between Class A and Class C stock.
Alphabet will also launch $30 billion in concurrent public offerings and a massive $40 billion at-the-market (ATM) offering program scheduled for the third quarter. The unprecedented capital raise follows Alphabet boosting its annual capital spending forecast to between $180 billion and $190 billion to meet soaring AI-driven demand.
