Google reiterates its $75 billion capital expenditure plan for 2025

Google Reiterates $75 Billion Capital Expenditure Plan for 2025

Google's parent company, Alphabet, reiterated on Wednesday that it plans to invest about $75 billion this year to expand its data centers and double down on generative AI, despite uncertain returns and potential cost - increasing pressure from the global trade war. Sundar Pichai, Alphabet's CEO, said at the annual meeting of Google's Cloud Computing division that this investment will be used to improve the chips and servers required for its core products, including search, and also support the development of AI services such as the Gemini model. He said the opportunities in AI are huge, and these investments will also benefit the company's corporate customers. In February this year, Alphabet outlined its $75 billion spending plan. This target is 29% higher than what Wall Street analysts expected at that time.

—— Reuters

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