- June 2, 2026
‘Invest Into The Future’: Uday Kotak Calls Google’s $80 Billion AI Bet A ‘Wake-Up Call’ For India Inc
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Kotak pointed out that Alphabet’s profits and market value are comparable to the combined profits and market capitalisation of all listed Indian companies.
In a lighter remark, Kotak added: “Now that IPL is done and dusted, time for India to focus on the business of business.”
Kotak Mahindra Bank founder Uday Kotak has described Google’s decision to raise an additional $80 billion to accelerate its artificial intelligence expansion as a “wake-up call” for companies to invest aggressively in the future.
Reacting to the announcement, Kotak pointed out how even highly profitable global technology giants continue to raise and deploy massive amounts of capital to stay ahead in emerging sectors.
“Google, which is cash surplus, has just announced an additional capital raise of $80 billion,” Kotak said in a post on X.
Highlighting the scale of Alphabet’s financial strength, he noted that the company generates annual profits of around $160 billion, earned $62 billion in the last quarter alone, and commands a market capitalisation of approximately $4.5 trillion.
Google which is cash surplus, just announced an additional capital raise of $80 bn.Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.It’s a wake up call…— Uday Kotak (@udaykotak) June 2, 2026
Kotak pointed out that Alphabet’s profits and market value are comparable to the combined profits and market capitalisation of all listed Indian companies.
“It is a wake-up call to all companies to invest into the future, whatever the present may be,” he said.
In a lighter remark, Kotak added: “Now that IPL is done and dusted, time for India to focus on the business of business.”
His comments come amid intensifying global competition in artificial intelligence, with technology companies committing billions of dollars towards AI infrastructure, data centres, semiconductor capabilities and next-generation digital services.
Alphabet Plans To Raise Up To $80 billion
Google parent Alphabet has announced it plans to raise up to $80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure.
The fundraising comes as Alphabet ramps up investment spending, with capital expenditures expected to reach $180-$190 billion in 2026 and set to rise further in 2027.
Amazon, Microsoft, Alphabet and Meta are collectively on track to pour roughly $700 billion into AI data centers, chips and computing infrastructure this year as each scrambles to keep pace with soaring demand for AI services.
Google chief executive Sundar Pichai told investors last month that the company is “compute constrained in the near term,” meaning it cannot build the necessary infrastructure fast enough to meet demand.
Microsoft has issued similar warnings about capacity shortfalls.
To help close that gap, Alphabet said it plans to raise the new funds through a combination of a $30 billion public stock offering, a $10 billion private sale to Berkshire Hathaway, and a further $40 billion share sale program to be launched in the third quarter.
The bulk of the proceeds will go toward expanding its AI infrastructure, with around $30 billion of the share sale program earmarked to cover tax obligations linked to employee share grants.
(with inputs from AFP)
About the Author
Saurabh Verma covers general, national and international day-to-day news for News18.com as a Chief Sub-editor. He keenly observes politics. You can follow him on Twitter –twitter.com/saurabhkverma19
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