Sundar Pichai's Alphabet Reported Negative Free Cash Flow for the First Time Ever. Here's Why That Milestone Matters for Shareholders.

Berkshire Hathaway increased its Alphabet stake 83% to about 106 million shares, worth nearly $38 billion at June 30, after agreeing to buy $10 billion of Alphabet stock in a June private placement and buying 19.6 million shares on the open market, according to a portfolio disclosure. Berkshire also bought net $20 billion of stocks in Q2.

Alphabet (GOOG, GOOGL) closed a $25 billion senior notes sale with 10 tranches maturing from 2028 to 2066, including $2.5 billion at 6.5% due Aug 2066. Alphabet said proceeds will go to general corporate purposes, possibly debt repayment. The company raised capex guidance to $195-$205 billion for 2026, pushing long-term debt to about $123 billion by June 30.

Berkshire Hathaway increased its Alphabet stake in Q2, owning about 106 million shares worth $37.9B at June 30, up 83%, making Alphabet its third-largest U.S. equity holding, according to a regulatory filing. Berkshire also raised Delta Air Lines shares 44% to 57.3M ($5.4B) and boosted Lennar and added a small D.R. Horton position. Berkshire reported nearly $20B net equity purchases and cash of $365.5B.

CNBC reports Goldman Sachs is involved in AI-related financing announcements. Nvidia said Goldman and five other firms will help raise $500 billion for AI infrastructure financing, while Intel announced a $15 billion stock offering upsized to $20 billion with Goldman as joint book-running manager. Alphabet also sold $80 billion upsized to $85 billion, with Goldman involved. The article outlines how Goldman earns fees and trading revenue.

Alphabet said Google’s Gemini standalone app surpassed 1 billion monthly active users, with growth rising from 400 million in May 2025 to 950 million by July 22, 2026. Google reported usage metrics including 63% voice interactions, 38% of school requests with attachments, and 150 million images per day. The company did not disclose paying subscribers ahead of an Aug. 12 Pixel event.

Reuters reports Alphabet’s Google launched Gemini 3.7 Flash, an AI model aimed at software coding and automated agent workflows. Google said it improves coding tasks like debugging and code generation. The company set introductory pricing at 75 cents per million input tokens and $3.75 per million output tokens through year-end and will roll it out to Gemini Spark. Details on the Gemini Pro release timing were not provided.