Google's parent company expects AI capital expenditures to reach $75 billion this year, up 43% from 2024

Odaily News The DeepSeek shock has not slowed down the expansion of capital spending on AI by technology companies. Google's parent company Alphabet said it expects capital spending to reach $75 billion this year, up 43% from 2024.
This puts Google very close to Microsoft, which has said it will spend $80 billion on building AI data centers in the fiscal year ending in June. Meta Platforms plans to spend up to $65 billion on capital expenditures, just behind. Amazon, meanwhile, expects capital expenditures of $75 billion in 2024. (The Information)