Alphabet Upsizes Equity Offering to $85 Billion for AI Infrastructure

Alphabet upsized its equity offering to $85 billion on June 3, increasing the raise by $5 billion beyond the initial announcement, with proceeds earmarked for AI compute infrastructure. The upsized figure makes this the largest equity capital raise in U.S. technology history. Strong institutional demand reportedly drove the upsize, reflecting continued investor confidence in Alphabet's AI-driven growth thesis across Search, Cloud, and its DeepMind research division.