Google Raises $85 Billion in Equity for AI Capex, Including $10 Billion From Berkshire
Google raised $85 billion in equity in a Goldman Sachs-led financing that included $10 billion from Berkshire Hathaway, according to details discussed by Goldman Sachs Chief Executive Officer David Solomon. The deal comes as Google and other hyperscalers fund multiyear AI capex and reassess the balance between debt and equity.
Solomon said companies with AI capex plans stretching more than five years want to avoid taking on too much debt, because a market turn in the next one to three years could leave their capital structures out of balance. He also said more companies are likely to issue equity because capital remains available.
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@bearlyaiGoldman Sachs led Google’s $85B equity raise (including $10B from Berkshire Hathaway). CEO David Solomon explained the deal. He says Google and other hyperscalers are looking at the “balance between debt and equity” and “you’re going to se