Alphabet President Ruth Porat on How Google Is Funding AI to Win Long Term, and the Risks Ahead
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4 Articles
Alphabet President Ruth Porat on how Google is funding AI to win long term, and the biggest risks ahead
Google is spending about $200 billion on its AI buildout this year, Porat confirmed at Fortune's Most Powerful Women Summit on Monday, and the peak is still around the corner.
Alphabet expects to raise its capital investment significantly next year, after projecting about $200 billion by 2026. Ruth Porat defended the long-term bet, although cash flow figures and Wall Street's reaction reflect the pressure to show that spending can generate returns.
Alphabet President Ruth Porat on how Google is funding AI to win long term, and the risks ahead
Alphabet is spending roughly $200 billion this year to build out its AI capacity, and the company’s president and chief investment officer reiterated Google’s plan next year for the bill to be even more substantial. Alphabet expects capital expenditures (capex) to “increase significantly” next year, Ruth Porat said Monday at Fortune’s Most Powerful Women Summit […]
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