Alphabet upsizes equity raise to $84.75B with $10B from Berkshire Hathaway

Alphabet, the parent of Google (GOOG), upsized its previously announced equity raise to $84.75 billion from $80 billion, with a $10 billion investment coming from Berkshire Hathaway. The proceeds will mostly fund the company's ever-increasing investment in AI infrastructure and global compute.

"Let's start by saying this is unprecedented territory, so we all enter it with a degree of humility and caution, and the right balance of focus," Anthony Gutman, co-CEO of Goldman Sachs International, told CNBC. "The Alphabet issuance yesterday augurs well for the pipeline. That was just a record level of issuance on any level."

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