Google’s parent company, Alphabet, has announced plans to raise a staggering US$80 billion via stock sales to fund an ambitious buildout of AI infrastructure. The company aims to use these funds for capital expenditures, scaling AI and global computing resources.

The move comes as demand for Google’s AI services from both enterprises and consumers outstrips supply, prompting the need for increased investment. Alphabet plans to sell $10 billion in stock specifically to Berkshire Hathaway, a holding company led by legendary investor Warren Buffett.

Alphabet CEO Sundar Pichai has indicated that the tech giant expects to spend between US$180 and US$190 billion on capital expenditures this year. This significant investment is expected to support a range of new AI services, aligning with Google’s broader strategy in an increasingly competitive market.

The news reflects the ongoing race among tech giants to dominate the rapidly growing field of artificial intelligence. With global spending on AI infrastructure projected to reach US$700 billion this year, Alphabet is positioning itself as a key player. However, critics may question whether such massive investments can be sustainably managed in an already complex and competitive landscape.