Alphabet Secures $45 Billion Equity Offering, Berkshire Hathaway Invests in AI

Google CEO Sundar Pichai sends a ‘thanks note’ to Warren Buffett’s Berkshire Hathaway

Alphabet has secured a massive $45 billion equity offering, with Warren Buffett's Berkshire Hathaway leading with a $10 billion investment. This substantial capital infusion is earmarked for bolstering Google's AI compute infrastructure, a critical area identified by CEO Sundar Pichai. The company anticipates a total of $85 billion for this AI build-out, underscoring its strategic focus on artificial intelligence.

By TOI TECH DESK