Google cofounders Larry Page and Sergey Brin saw their personal fortunes shrink by around $10 billion each on the same day Google-parent Alphabet announced plans to raise $80 billion through a massive stock sale to fund its artificial intelligence (AI) expansion. As reported by Fortune, the decline came as Alphabet shares fell sharply after investors reacted to the company's ambitious fundraising plan and growing AI spending commitments.

US tech giant says fundraising drive includes deal to sell $10bn of stock to Berkshire Hathaway.

Alphabet is looking to raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, the Google parent said

Alphabet plans to raise $80bn in equity for AI infrastructure, including a $10bn private placement to Berkshire Hathaway and a $40bn at-the-market programme.

Company is funding ambitious artificial intelligence spending

Alphabet announced plans to raise $80 billion through stock sales, including a $10 billion investment from Berkshire Hathaway, to expand its AI infrastructure.

Google parent Alphabet said Monday it planned to raise to $80 billion from stock sales to support funding a major expansion of its artificial intelligence...

One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire Hathaway

Google parent to sell tens of billions in shares over time, including $10bn stake to Berkshire Hathaway, as it sees 'growth opportunity ahead'

Google's parent company Alphabet is raising $80 billion (€68.7bn) through a series of share offerings, marking one of the largest equity fundraising efforts in corporate history…

Google parent Alphabet will raise up to $80bn from investors to fund its AI expansion - one of the largest equity fundraisings in history

Google stock price today: Discover why Google stock is down today as Alphabet announces raising $80 billion for AI expansion. Learn about the impact on investors, Berkshire…

June 3 : Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI…

Alphabet plans to raise $80 billion in equity capital, anchored by a $10 billion Berkshire Hathaway private placement, to fund massive AI infrastructure

Alphabet upsized its equity offering to $84.75 billion from $80 billion to fund AI infrastructure, with Berkshire Hathaway among notable participants.

Alphabet raised $84.75 billion in its first equity offering in over 20 years, including a $10B Berkshire Hathaway placement, to fund massive AI

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

Google cofounders Larry Page and Sergey Brin saw their personal fortunes shrink by around $10 billion each on the same day Google-parent Alphabet announced plans to raise $80…