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Alphabet to spend approximately $200 billion this year to build AI capabilities

Fortune ·

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  1. 1Alphabet is spending approximately $200 billion this year to build AI capabilities.
  2. 2Alphabet's quarterly free cash flow recorded -$5.9 billion due to $44.9 billion in capital expenditures (capex) in the second quarter.
  3. 3President Ruth Porat said capital expenditures will be much more significant next year.

So what's the key point?

Alphabet is spending about $200 billion this year to develop artificial intelligence technology. Because of this high spending, the remaining cash recorded a negative $5.9 billion.

Source Fortune · View original ↗

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