Alphabet Inc. has announced one of the largest equity offerings in corporate history, planning to issue $80 billion in new shares to fund the construction of artificial intelligence data centers and computing infrastructure. The move signals the tech giant’s commitment to maintaining its competitive edge in the rapidly escalating AI arms race among Big Tech companies.

Berkshire Hathaway, led by CEO Greg Abel, confirmed it will purchase $10 billion worth of the new shares, making it the largest single buyer in the offering. This marks a significant shift in Berkshire’s investment strategy under Abel’s leadership, following Warren Buffett’s reduced role in day-to-day portfolio decisions.

The equity issuance comes as Google’s parent company faces mounting capital expenditure demands. The company has already committed to spending over $190 billion in capital expenditures this year, with the vast majority directed toward AI infrastructure, including data centers, custom chips, and energy supplies.

Analysts at Barron’s noted that the decision to raise equity rather than issue debt reflects Alphabet’s confidence in long-term AI returns, even as near-term profitability may be pressured by the enormous spending. The move also reduces reliance on credit markets at a time when bond yields remain elevated near multi-year highs.

Google’s cloud division has seen 63 percent year-over-year growth, driven largely by enterprise AI adoption, but the company faces intensifying competition from Microsoft Azure and Amazon Web Services, both of which are also ramping up AI infrastructure investments at unprecedented levels.