Google ready to double spending on artificial intelligence to $185 billion
Financial Times: Google said it plans to invest at least $55 billion more in capital expenditure this year than Wall Street forecasts, doubling its massive capital expenditure on artificial intelligence
Google said it plans to invest at least $55 billion more in capital expenditure this year than Wall Street forecasts, doubling its massive capital expenditure on artificial intelligence. The Financial Times reports.
The search giant reported a second consecutive quarter with more than $100 billion in revenue and raised its capital expenditure forecast for 2026 to a range of $175 billion to $185 billion - far exceeding analysts' expectations of around $120 billion - as Google's parent company, Alphabet, said on Wednesday.
Fourth quarter capital expenditures rose to $27.9 billion, almost doubling from $14 billion last year and exceeding expectations of $27.7 billion. During 2025, the company spent $91.4 billion, indicating that capital expenditure will double this year.
"We are seeing our investments and infrastructure in artificial intelligence driving revenue and growth across the board," said CEO Sundar Pichai.
- The spending spree, notes the FT, overshadowed news of a second consecutive quarter of revenues in excess of $100 billion, driven by solid earnings for the search giant's advertising and cloud computing divisions as demand for artificial intelligence continues to grow.
