Framing Analysis
Alphabet plans to raise up to $80 billion through public offerings, an at-the-market program, and a $10 billion private investment from Berkshire Hathaway [Axios]. The company and four other hyperscalers are projected to spend more than $750 billion on AI infrastructure in the current year [Axios]. Separately, Anthropic raised $65 billion in Series H funding at a $965 billion post-money valuation and filed confidential IPO paperwork [Washington Post].