Earnings
Google’s latest earnings call offered a familiar message: AI is driving growth, and it’s also getting more expensive.On Wednesday, Alphabet reported second-quarter revenue of $119.8 billion, up 24% from a year earlier, while Google Cloud posted another blockbuster quarter as enterprises raced to adopt AI. At the same time, executives…
Big Tech earnings season starts next week with Google, but the most important number won’t be profit or revenue. It will be how much these companies say they’ll spend on AI data centers.Google, Amazon, Microsoft, and Meta have already laid out plans to spend more than $700 billion this year.…
AI is getting expensive. Chamath Palihapitiya says he thinks CFOs may be about to discover those costs the hard way.Palihapitiya, a billionaire venture capitalist and one of the co-hosts of the “All In” podcast, said Tuesday on CNBC that businesses encouraging employees to consume more AI could face surprise operating…
