Google plans to extend its funding in synthetic intelligence (AI), with CEO Sundar Pichai confirming that the corporate will allocate round $75 billion in capital spending in 2025.
It is a rise from the $32.3 billion spent in 2023, which displays Google’s dedication to strengthening its AI capabilities.
Based on Alphabet’s This autumn and financial 12 months 2024 report, Pichai acknowledged that the funding would assist drive AI developments whereas additionally supporting Google’s core enterprise operations.
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Although the precise portion allotted particularly to AI was not disclosed, a massive a part of the funds is anticipated to go towards increasing infrastructure to help AI initiatives.
AI has been a key a part of Google’s enterprise development. Over the previous 12 months, total income elevated by 12%, reaching $96.5 billion. The corporate’s cloud division additionally noticed a ten% soar, bringing in $12 billion, helped by demand for cloud-based AI companies and infrastructure.
Nevertheless, Alphabet’s whole income was barely decrease than anticipated, falling wanting the projected $96.7 billion. Following the earnings report, Alphabet’s inventory value dropped by greater than 7% in after-hours buying and selling.
Throughout a February 4 investor name, Pichai addressed issues about rising competitors, significantly from China’s AI mannequin DeepSeek.
Nonetheless, he remained assured in Google’s AI expertise, saying the corporate’s Gemini 2.0 Flash fashions are “a few of the most effective fashions on the market”.
In the meantime, Google not too long ago shared a report on how government-backed hacking teams tried to govern Gemini AI. What did the corporate say? Learn the total story.
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