Alphabet Resets the Bar for AI Infrastructure Spending
22 Articles
22 Articles
Google wants to beat ChatGPT and Co with its AI software Gemini. The parent company Alphabet plans extraordinary investments to create the infrastructure for it.
Google parent Alphabet latest tech giant to announce plans to spend billions on AI
Alphabet said Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to push ahead in the AI race.
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Alphabet resets AI infrastructure spending with Wall Street expectations beat
Google’s parent Alphabet beat Wall Street’s expectations for its fourth quarter, however, the company also set a new, high bar on artificial intelligence infrastructure, tempering enthusiasm. Alphabet’s shares kept dipping in extended trading Wednesday, despite exceeding expectations on revenue, signaling that Wall Street remains sensitive to AI spending. Google had subverted expectations by showing impressive artificial growth, offering competi…
Market Open: Alphabet AI Spending Jitters, Barrick Pushes Ahead With IPO
The TSX is up 0.56%, while the TSX Venture is down 1.35%, as markets react to a broad technology pullback sparked by Alphabet’s heavier‑than‑expected AI spending plans. U.S. indexes opened sharply weaker, with the S&P 500 down more than one percent, the Dow off nearly half a percent, and the Nasdaq falling close to one percent as traders reassessed valuations across software and AI‑linked names. London’s FTSE 100 also declined, down 0.83%, refle…
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