Google's $85 billion capital spend spurred by cloud, AI demand
Publishing timestamp: 2025-07-23 23:06:15
Summary
Alphabet plans to increase its capital expenditures to $85 billion by 2025 in order to meet the growing demand for its cloud services. The company reported a 32% increase in cloud revenues in the second quarter, leading to a backlog of $106 billion. Despite the increased spending, profits may look smaller due to the expenses associated with expanding infrastructure.
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Keywords: business news, google, breaking news: technology, technology, internet, alphabet inc,
Source: https://www.cnbc.com/2025/07/23/googles-85-billion-capital-spend-spurred-by-cloud-ai-demand.html