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Alphabet announces $80B equity raise; Berkshire commits $10B via private placement
Alphabet said Monday it will raise $80 billion in equity to expand AI infrastructure, including a $10 billion private placement from Berkshire Hathaway split between Class A and Class C shares. The company also outlined $30 billion in concurrent public offerings and a $40 billion at-the-market program expected to begin in Q3. After the announcement, Alphabet shares fell about 2% in after-hours trading and were down 1.02% at $372.58 at the time of writing.