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Here's your TNB Tech Minute for Tuesday, June 2nd.

I'm Imani Mouise for the Wall Street Journal.

Google Parent Alphabet has announced a plan to issue $80 billion in equity to fund its AI capital expenditures.

The company said Berkshire Hathaway will buy $10 billion worth of the stock,

deepening one of Warren Buffett's holding companies' few big tech investments.

Alphabet plans to issue the remaining $70 billion by various means this year.

The proceeds will be used to finance data center expansion and secure computing capacity needed to train and run AI models.

Earlier this year, Alphabet said that its 2026 capital expenditures were expected to be

as much as $190 billion.

And it expects to spend even more next year.

European chipmaker, ST Microelectronics, has raised its data center revenue target,

as demand for AI infrastructure continues to explode.

The company which counts Apple and SpaceX among its customers

says it now expects data center revenue to come in at about $1 billion this year,

up from its previous forecast of above $500

million.

STM microelectronics says that its data center revenue could double in 2027, assuming current

...