Alphabet announced on 1 June that it plans to raise £59.5 billion ($80 billion) through a series of equity offerings to fund its artificial intelligence infrastructure, with Berkshire Hathaway committing £7.4 billion ($10 billion) as the anchor investor through a private placement.
The transaction is one of the largest equity deals in corporate history, according to Bloomberg — and the most significant technology investment yet under Greg Abel, who took over as Berkshire's chief executive on 1 January after Warren Buffett stepped down.
