Update
Alphabet Increases AI Spending to $300 Billion
Alphabet's CFO, Anat Ashkenazi, hinted during the company's earnings call that capital spending could rise significantly in 2027, potentially exceeding $300 billion. The company's quarterly earnings showed negative free cash flow of $9.1 billion, and it missed revenue estimates. Most of the capital expenditures went into AI compute, including data centers, chips, and supporting gear for training and running large models.