Google's $85 billion capital spend spurred by cloud, AI demand
1. Google plans $10 billion more spending this year on cloud services. 2. 2025 capital expenditures forecast raised to $85 billion from $75 billion. 3. Cloud revenues grew 32% to $13.6 billion amid rising demand. 4. A $106 billion backlog highlights strong market need for Google Cloud. 5. Increased spending may lower profits but aims to expand capacity.