Alphabet increased its planned equity financing to $84.75 billion from $80 billion as it seeks to support fast-rising AI computing costs and expand infrastructure for growing demand. The package includes a $40 billion at-the-market program expected to begin in the third quarter, $30 billion in underwritten common stock and mandatory convertible preferred stock, and a $10 billion private placement to Berkshire Hathaway. Earlier reporting said the fundraising also reflects rising AI investment needs and tax obligations as capital spending approaches $190 billion. Alphabet has also raised more than $85 billion in debt over the past year, pushing total debt above $100 billion, and in April raised its annual capital expenditure forecast by $5 billion to $180 billion-$190 billion.