Svmuu reported that Google's parent company, Alphabet (GOOG.O), is raising $80 billion through an equity offering, including an investment agreement with Berkshire Hathaway, to fund its ambitious artificial intelligence spending plans. In an announcement, Alphabet disclosed that this fundraising initiative includes a $30 billion underwritten public offering and a $40 billion "at-the-market" (ATM) offering. As part of this fundraising plan, Berkshire Hathaway will subscribe to $10 billion worth of shares through a private placement. Alphabet will issue $5 billion of Class A common stock to Berkshire at $351.81 per share, and an additional $5 billion of Class C common stock at $348.20 per share. The company stated: "AI demand has exceeded the company's current supply capacity. By expanding the scale of investment, the company aims to enhance its infrastructure, thereby providing strong support to seize significant future growth opportunities."