AXIOS (Axios) - Alphabet seeks $80 billion to fund AI buildout
Alphabet said Monday it plans to raise up to $80 billion in equity to help fund its AI ambitions, which includes a $10 billion investment from Berkshire Hathaway via a private deal. Why it matters: One of the world's biggest companies, which has had historically high cash flow, is seeking more cash to stay in the AI race. Driving the news: Alphabet said the proceeds will support "capital expenditures to scale AI infrastructure and global compute" amid "unprecedented customer demand." The financing includes: - $30 billion in underwritten public offerings, split between mandatory convertible preferred stock and common stock. - $40 billion through an at-the-market stock offering program expected to begin in Q3. - $10 billion from Berkshire…