New Delhi, June 2 -- Alphabet, the parent company of Google, has announced plans to raise $80 billion through a series of stock sales, anchored by a $10 billion private investment from Berkshire Hathaway, as the technology giant accelerates spending on artificial intelligence infrastructure to meet surging customer demand that has outpaced its current computing capacity.

Announced on Monday, the fundraise will channel proceeds into expanding the company's global computing infrastructure at a time when appetite for its AI products, across both enterprise clients and individual consumers, is running well ahead of available supply.

In a formal statement, Alphabet said the capital would "fund investments in its world-class AI compute infras...