Alphabet raises $85B for Google's AI business

Alphabet raises $85 billion in equity for Google's AI business. The offering initially targeted $40 billion but oversubscribed to $45 billion, with Berkshire Hathaway buying $10 billion. Alphabet plans a second $40 billion sale, totaling $85 billion. The funds are dedicated to AI infrastructure and data centers, with Google expecting $180 to $190 billion in AI-related capital spending. The sale signals strong institutional investor appetite for AI ventures.