Google's financing pace this time is very steady, and the AI computing power arms race has clearly entered a fierce stage.

Alphabet will raise $8 billion through a stock issuance, including $30B in a public offering and $40B through ATM; Berkshire Hathaway will subscribe privately for $1 billion, with Alphabet issuing $5 billion in Class A shares and $5 billion in Class C shares, priced at $351.81 and $348.20 respectively. The company states that AI demand has exceeded current supply capacity and plans to expand investment scale and enhance infrastructure to support future growth.