Google plans to invest $75 billion in artificial intelligence infrastructure by 2025 Google CEO Sundar Pichai revealed plans for a significant increase in the company's capital spending, predicting $75 billion in 2025, up 43% from $32.3 billion last year.
The main goal of these investments is to develop artificial intelligence (AI) with a focus on the development of artificial intelligence (AI). This dramatic increase in investment is in line with trends in the technology industry: competitors such as Meta are also significantly increasing their spending on AI;
#AI has become one of Google's main revenue drivers, contributing to the company's overall revenue growth of 12% year-on-year to $96.5 billion. Google Cloud revenue also grew 10%, driven by strong growth in AI services and solutions.
Despite these positive results, Alphabet's total revenue was slightly below analysts' expectations, and the company's share price fell by 7% in afternoon trading.
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