Google expects to spend $75 billion this year on the AI race
SMRTR summary
Google's parent Alphabet plans to invest $75 billion in capital expenditures in 2025, up from $32.3 billion in 2023, likely for AI infrastructure. Q4 2024 earnings show overall revenues up 12% to $96.5 billion, with Google Cloud revenues increasing 10% to $12 billion. The company continues developing AI products like Gemini 2.0 and Project Mariner. However, Alphabet faces potential legal challenges, with the DOJ proposing Google divest Chrome following a monopoly ruling.
SMRTR provides this summary for quick context. The original article belongs to Daily.dev.
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