Google raises $80 billion for AI infrastructure

Alphabet, Google's parent company, is launching an $80 billion stock sale, with $10 billion earmarked for Berkshire Hathaway. This significant capital raise is intended to fuel the company's substantial investments in artificial intelligence infrastructure. Alphabet cited strong enterprise and consumer demand for its AI solutions, which is currently exceeding its supply capabilities. The move signals a major strategic shift, drawing capital away from other sectors like crypto and into the burgeoning AI and space industries, highlighted by upcoming IPOs from SpaceX and Anthropic.