Alphabet’s plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raise’s size and the fact that the company last raised equity 21 years ago, when Gwen Stefani’s “Hollaback Girl” was the song of the summer. But ...

Alphabet said it plans to sell $80 billion in stock, including through a $10 billion investment by Berkshire Hathaway.

One of the world's biggest companies is racing to keep up in the AI competition.

By Tomi Kilgore and Emily Bary