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Berkshire Hathaway to Invest $10 Billion in Alphabet as Part of $80 Billion Share Sale to Fund AI Costs

Berkshire Hathaway will invest $10 billion in Alphabet to anchor an $80 billion equity raise intended to fund Google’s AI spending. The deal marks Alphabet’s first straight equity raise since 2005.

Wall Street Journal
Semafor
2 sources·Jun 2, 2:53 PM·1m read
Berkshire Hathaway to Invest $10 Billion in Alphabet as Part of $80 Billion Share Sale to Fund AI Costsinsurancejournal.com
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Berkshire Hathaway will invest $10 billion in Alphabet to anchor an $80 billion equity raise. The proceeds are intended to pay for Google’s AI spending. The transaction marks Alphabet’s first straight equity raise since 2005.

Greg Abel, the new CEO of Berkshire Hathaway and successor to Warren Buffett, approved the investment over one weekend. The move departs from Berkshire’s historical practice of reserving large checks for corporate takeovers or rescues of troubled firms. Meta, Microsoft, Alphabet, and Amazon doubled their combined capital-expenditure spending to $450 billion in 2025.

Those outlays are projected to exceed $700 billion in 2026. Cash flow from advertising, cloud, and e-commerce initially covered the costs, but the companies later turned to borrowing and are now issuing shares. Warren Buffett passed on early opportunities to invest in Microsoft, Amazon, and Google.

His longtime friend Bill Gates personally told him to stop using the Altavista search engine.

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