Google adds $55bn to capex plans as it boosts AI spending
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, as it doubles down on its huge spending on AI.The search giant increased its forecast for capex in 2026 to a range of $175bn to $185bn, far exceeding analysts’ expectations for around $120bn, Google’s parent company Alphabet said on Wednesday. Fourth-quarter capi...
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