Alphabet raises $80B in the largest equity offering in US corporate history to fund AI infrastructure — TFN

Alphabet raises $80B in the largest equity offering in US corporate history to fund AI infrastructure — TFN

Alphabet raised $80B—largest US equity offering ever—driven by AI compute demand exceeding supply; Google Cloud backlog hit $460 billion. First hyperscaler to tap public equity for AI capex signals that even the strongest cash generators cannot sustain the infrastructure arms race alone.