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Google parent company Alphabet (GOOG.O) is raising $80 billion through a stock issuance, including an investment agreement with Berkshire Hathaway, to fund its ambitious artificial intelligence spending plans. Alphabet disclosed in its announcement that the financing includes $30 billion in underwritten public offerings and $40 billion in "at-the-market" (ATM) transactions. As part of this financing plan, Berkshire Hathaway will subscribe to $10 billion worth of Alphabet's stock through a private placement. Alphabet will issue $5 billion worth of Class A common stock to Berkshire at a price of $351.81 per share, and another $5 billion worth of Class C common stock at a price of $348.20 per share. The company stated, "The demand for AI has exceeded the company's current supply capabilities. By expanding its investment scale, the company aims to expand its infrastructure to provide strong support for future massive growth opportunities." - Google