Alphabet's plan to raise $80 billion in equity to fund artificial intelligence has put a number on a contradiction that has defined corporate technology in 2026: the companies pouring record sums into Al are also cutting tens of thousands of jobs. Alphabet said on June 1 it would raise $80 billion through equity offerings, including a $10 billion private placement to Berkshire Hathaway, to fund its Al spending, in one of the largest equity deals of all time, according to Bloomberg.