Google Parent Alphabet Plans to Spend $75B This Year, as Big Tech Goes All in on AI

Key TakeawaysGoogle parent Alphabet said it plans to spend $75 billion in capital expenditures this year, as it expands capacity to meet demand for AI.CFO Anat Ashkenazi said a majority of that spending would go toward technical infrastructure, such as servers and data centers.The announcement comes after Microsoft and Meta also said they would commit tens of billions of dollars in capital expenditures to support their AI ambitions. Google parent Alphabet (GOOGL) said it plans to invest $75 billion in capit ...