New Delhi, June 4 -- Google parent Alphabet has increased its planned equity raise to approximately $84.75 billion, up from $80 billion which it had announced just a couple of days ago. Notably, the tech giant is looking for capital infusion in order to meet the massive infrastructure demands for artificial intelligence.

According to a Reuters report citing a June 2 filing, Alphabet now plans to raise $18 billion through the sale of Class A and Class C shares and a further $16.75 billion through depositary shares. Alphabet had previously planned to raise $30 billion through concurrent public offerings backed by investment banks, split evenly between the two categories.

Alphabet confirmed in its investor note that the company has also re...