HomeLatestGoogle Ups Capex Guidance to At Least $180B as AI Spending Balloons

Google Ups Capex Guidance to At Least $180B as AI Spending Balloons

The numbers

$119.8 billion: Alphabet’s Q2 income, up 24% year-over-year (YoY), and outpacing analyst projections of $116.9 billion. 

$94.5 billion: Revenues from Google Services, which incorporates promoting, subscriptions, digital content material, and {hardware}, up 15% YoY.

$24.8 billion: Google Cloud income, up 82% YoY due to its enterprise AI options and enterprise AI infrastructure companies, and above analyst estimates of $22.46 billion.

34%: Alphabet’s working margin, up 2%.

$9.11: Earnings per share, representing a 294% improve over the identical interval final 12 months.

22 billion: Number of API tokens processed per minute by Gemini.

950 million: Monthly energetic customers of the Gemini app.

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