US EditionA New Gilded Age: Big Tech Goes on a $600 Billion AI Spending Splurge
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Investors are assessing the impacts on profitability as well as the potential existential threat to software companies.
A New Gilded Age: Big Tech goes on a $600 billion AI spending splurge
Google CEO Sundar Pichai delivers the keynote address at the Google I/O 2017 Conference at Shoreline Amphitheater on May 17, 2017, in Mountain View, California.Justin Sullivan/Getty ImagesTech companies' projections on data center spending stole the show in recent earnings announcements.It ushers in a new era of the AI age, with massive private-sector infrastructure spending.Amazon alone plans for $200 billion in capital expenditures, a more tha…
Google stock price slips after-hours as Alphabet’s $185 billion AI spending plan stays in focus
Alphabet Class C shares fell 2.5% to $323.10 in after-hours trading Friday, trailing gains in major U.S. stock benchmarks. The company told investors it expects 2026 capital expenditures of $175–185 billion, far above analyst forecasts. Some analysts warned the spending could cut free cash flow by over 90%. Google Cloud revenue rose 48% to $17.7 billion in the December quarter. The post Google stock price slips after-hours as Alphabet’s $185 bil…
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