Quoting:

In addition, Alphabet has reached an agreement to sell $10 billion of stock to Berkshire Hathaway Inc. in a private placement, comprised of $5 billion in Class A Common Stock at a price of $351.81 per share and $5 billion in Class C Capital Stock at a price of $348.20 per share.

This investment by Berkshire Hathaway adds to the position it has built since Q3 2025.

> The ATM program is intended primarily to facilitate, for a period of time, an administrative change in how Alphabet meets tax obligations associated with employee equity grants. This approach will mimic a “sell to cover” model: upon vesting of restricted stock units, shares will still be delivered to employees net of taxes, and the company will use corporate cash to settle taxes on behalf of employees. The company intends to issue stock for equivalent proceeds through its ATM program.

This is an interesting change. Essentially just gives more timing control?

Question from an outsider: my perception is Google has lost $80b in excessive spending on teacups. I never thought I'd see them attempt to raise money, seems like they've always had an unlimited pile of it. Why is this necessary for them?

That's 80B that doesn't go to OpenAI or Anthropic.

Google’s Data Center Buildout Could Top $1 Trillion https://archive.is/kG3p4

Interesting how the market has reacted to this news (down 1.7% after hours)

All these money spent on AI is simply mind boggling. Google expect to spend $1 Trillion over next few years. And that is not counting Amazon, Facebook, Microsoft, Apple, Tesla etc.

I would have thought we have over built Datacenter before even AI came. There are enough Datacenter Rack space that replacing 5 - 8 years old server to newer 256 Core CPU would have increased their CPU per Rack by factor of 4 - 5. Saving significant space for future growth.

Instead we are so behind in Rackspace we are now building out Datacenter faster than ever.

Very interesting. Often I only perceive the stock market as existing equity changing hands and the stock value of the company not being immediately relevant for its success (it's just third parties trading ownership around, after all), but I rarely heard of cash raises for the company after the initial IPO - of course only because I didn't pay attention and mostly IPOs make the news.

It's insightful to put such documents into Claude and see how they use many different financial mechanisms to raise the money. $15B sold directly to the big banks, $40B sold to the market (but also facilitated by these banks), a direct investment (PIPE) from Berkshire. Pretty cool how financial markets do these things.

I think people don't understand that the value of the data generated by chats/agents is conservatively worth $200B a year. This is the so-called data-flywheel. Google is going to keep spending until they hit the break even point.

More than a quadrillion high quality tokens per year. Pretty soon they will have an automated team of scientists doing basic and advanced research in every field. All those tokens will be fed back and make the model much more inference efficient.

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It’s difficult to avoid the feeling that a horrible financial reckoning is on the way.

All these big tech firms are spending wildly to make sure they are the one on top at the end of it all. But whoever that ends up being there’s going to be one hell of a lot of fallout underneath them.

Link to the FWP (Free Writing Prospectus): https://www.sec.gov/Archives/edgar/data/1652044/000119312526...

Interesting timing with the Spacex/Anthropic/OpenAI ipos coming up

so, at a 8% discount at current prices.

How is Alphabet suddenly short of capital?

It looks crazy that with all the cash they have at end they can't sustain the cost of their own investments by themselves.

This means they are buying more hardware and us gamers have to suck it up for 10 more years?

I thought Google was a cash machine what happened to that.

So they are buying another 32GB RAM stick, interesting

so google had spent too much money to build their own datacenter?

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We will soon see "improved" 'AI Mode' most likely.