Google expects 'significant increase' in capital expenditure in 2026, execs say
1. Alphabet plans significant capital spend increase, between $91-$93 billion for 2025. 2. Google Cloud revenue grew 32% YoY, with a $155 billion backlog. 3. Gemini AI app reaches 650 million monthly active users, boosting search revenues. 4. Google anticipates more spending in 2026 to support growing AI infrastructure. 5. Competition is heating in AI; Google maintains strong performance against competitors.