Alphabet plans to conduct an $80 billion equity financing with Berkshire Hathaway investing $10 billion.

The Alphabet plan includes both a $30 billion underwritten issuance and a $40 billion issuance at market price. Berkshire Hathaway will invest $10 billion in Alphabet through a private placement, which includes subscribing to $5 billion of Class A common stock at $351.81 per share, and $5 billion of Class C stock at $348.20 per share. Alphabet will use the funds raised for expanding its AI computing infrastructure. Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley are the joint book-runners for the underwritten issuance.