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Alphabet ramps up AI spending with up to $185bn capital plan
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Alphabet ramps up AI spending with up to $185bn capital plan
Alphabet has unveiled plans to spend between $175bn and $185bn this year, sharply exceeding Wall Street expectations as it intensifies its push in the global artificial intelligence race. The capital expenditure target is well above analysts’ average forecast of about $115bn, according to LSEG data, and marks another escalation in spending among the world’s technology hyperscalers. The announcement came alongside strong fourth-quarter results. R…
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