Alphabet, Meta Platforms Plan $338 Billion Spending to Strengthen AI Infrastructure by 2026
META Meta Platforms Inc
$738.88 -0.41%
View chart & analysis → - 1Alphabet and Meta Platforms have set a median capital expenditure plan of $338 billion for 2026.
- 2Alphabet recorded an operating margin of 34% in the second quarter.
- 3Google Cloud division showed a revenue growth rate of 82% last quarter.
So what's the key point?
Alphabet and Meta Platforms have decided to spend $338 billion on building artificial intelligence facilities. This plan involves spending a large amount of money to further develop artificial intelligence technology.
Source The Motley Fool · View original ↗
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