By https://www.theguardian.com/profile/graemewearden
Publication Date: 2026-06-02 06:49:00
Introduction: Alphabet wants to raise $80 billion for AI spending
Good morning and welcome to our ongoing coverage of the economy, financial markets and the global economy.
The economic aspects of the AI boom are back in focus today, according to Google’s parent company alphabet said it plans to raise up to $80 billion in equity capital to – in part – fund its large investments in AI infrastructure.
The move is one of the largest capital raises ever and includes a $10 billion share sale to the investment giant Berkshire Hathaway
alphabetwhose Gemini AI system has been expanding its share of the AI chatbot market, says it will use the money to expand its “best-in-class AI computing infrastructure to meet its unprecedented customer demand.”
The company says:
AI is driving Alphabet’s expansion. The Company is experiencing strong demand from businesses and consumers for its AI solutions and services, exceeding the Company’s available supply. By scaling its investments…
