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Alphabet Raises 2025 Capital Spending to $85 Billion After AI-Fueled Q2 Growth

The increased budget funds server and data center expansions for AI cloud needs pending a U.S. antitrust remedy ruling.

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Google CEO Sundar Pichai has become worth $1.1 billion.
Sundar Pichai, chief executive officer of Alphabet Inc., is a billionaire per Bloomberg's Index

Overview

  • Alphabet posted Q2 revenue of $96.43 billion, up 14% year-on-year, and earnings per share of $2.31, outpacing analyst forecasts.
  • Google Cloud revenue climbed 32% to $13.6 billion in the quarter, creating a $106 billion backlog for infrastructure projects.
  • AI Mode reached over 100 million monthly users, AI Overviews exceeded 2 billion users and Gemini logged 450 million monthly active users.
  • The company lifted its full-year capital expenditure plan by $10 billion to $85 billion to accelerate server and data center buildouts.
  • Judge Amit Mehta ruled Google a monopolist in its search business and DOJ remedies are pending, risking structural changes.