Google's parent company Alphabet raises funding from $80 billion to $84.75 billion According to BlockBeats, on June 3rd, Google's parent company Alphabet announced that the funds raised through a package stock issuance plan have been raised from $80 billion to $84.75 billion. This financing is in response to the rapidly expanding cost of artificial intelligence computing power. The entire financing plan consists of three parts: a $40 billion market value issuance (ATM) stock sale plan planned to be launched in the third quarter, a $30 billion underwriting issuance of common stock and mandatory convertible preferred stock, and a $10 billion targeted private placement capital increase to Berkshire Hathaway, a subsidiary of Warren Buffett. Goldman Sachs, JPMorgan Chase, and Morgan Stanley will serve as joint underwriters in one of the largest equity financing cases in global history. Behind the huge fundraising is the increasingly large expenditure on chip research and infrastructure. Chief Financial Officer Anat Ashkenazi revealed that the company's capital expenditures in 2027 will be significantly higher than the 2026 budget of up to $190 billion, which is already double the previous year's budget. Bloomberg Industry Research (BI) analyst Mandeep Singh predicts that Alphabet's capital expenditures may climb to $300 billion next year, even exceeding its operating cash flow. The funds will mainly be used to expand the production capacity and supporting infrastructure of self-developed AI chip TPU (Tensor Processing Unit), replacing Nvidia's processors in the market with computing power shortage.