Cracks are emerging in the AI spending boom
Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.
Alphabet
Google justifies its massive AI spending with a booming cloud business
Google’s cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
Alphabet’s record-breaking $85B raise for Google’s AI business is a helluva good signal
If Alphabet’s record-breaking, $85 billion stock sale signals investor appetite for AI-related offerings, we can see that investors are ready to chow.
Alphabet plans to raise $80B to pay for AI buildout
“The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply,” Alphabet said in its statement.
Report: Google and SpaceX in talks to put data centers into orbit
Google and SpaceX are in talks to build data centers in orbit, pitching space as the future home for AI compute, even as costs today remain far higher than on the ground.
Google just gave Sundar Pichai a $692M pay package
Most of it is tied to performance, including new stock incentives linked to Waymo and Wing, its drone delivery venture.
Alphabet-owned robotics software company Intrinsic joins Google
Nearly five years after graduating into an independent Alphabet company, Intrinsic is moving under Google’s domain.
