Alphabet shattered records with an $85 billion stock sale for Google's AI ventures, overshooting its initial $40 billion target due to overwhelming demand.

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

June 1 : Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its…

By Tomi Kilgore and Emily Bary