股权融资

当人工智能基础设施的资本来源从企业经营现金流转向公开股权市场，风险承担者也随之改变。这笔融资的规模不是重点，重点是超大规模平台正在用股东的钱去支付一项回报周期远长于常规商业周期的支出。

Alphabet Raises $80 Billion in Equity for AI Buildout 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. ...