Alphabet raised $85 billion via a secondary offering, marking the largest equity markets deal ever, and earmarked $185 billion for Google Cloud capital spending in 2026, with higher CAPEX planned for 2027. Meanwhile, VP of Engineering Noam Shazeer is departing DeepMind for OpenAI, underscoring intensifying AI talent competition.
Alphabet completed an $85 billion secondary offering this month, marking the largest equity capital markets transaction in history. The proceeds bolster the company’s balance sheet and fund strategic investments amid heightened competition in cloud and AI services.
The company has allocated $185 billion for Google Cloud capital spending in 2026 and signals even larger outlays in 2027. This investment aims to expand data centers, accelerate AI infrastructure rollout and sustain high growth rates in cloud revenues.
Noam Shazeer, VP of Engineering at Google DeepMind and Gemini co-lead, is leaving for OpenAI. His departure highlights an intensifying war for AI talent that could influence DeepMind’s project timelines and Alphabet’s competitive edge.
Marketwatch
