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techcrunch ai · June 3, 2026

Alphabet raised $85B for AI — and broke the stock market record

alphabet raised $85 billion to fund ai infrastructure, breaking equity records. this validates massive institutional demand for ai hardware and data centers.

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alphabet raised $85 billion to fund ai infrastructure, selling $45 billion immediately and planning another $40 billion next quarter. the offering, backed by $10 billion from berkshire hathaway, exceeded initial targets and signals deep institutional confidence in google's ai strategy. the capital fuels a projected $180 billion annual capex spend on ai technology. this voracious demand sets a strong precedent for the ai ipo pipeline, including anthropic and openai, proving public markets can absorb trillion-dollar ai investment scales.

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