Google's contracted future spending commitments have surged by nearly $500 billion in three months, reaching $811 billion by the end of June. This includes purchases for chips, data centers, electricity, and other resources, largely to support its AI infrastructure. Alphabet, Google's parent company, also raised its 2026 capital expenditure forecast to $195-$205 billion, reflecting faster deployment of computing capacity. Despite a record $5.9 billion cash burn in Q2 due to AI spending, strong demand and long-term deals give confidence in these investments. Investors will watch upcoming earnings from Microsoft, Meta, and Amazon to compare AI spending outcomes.
The S&P 500 dropped below its 50-day moving average amid a selloff driven by oil prices hitting $100 per barrel and rising U.S. Treasury yields, which pushed the 10-year yield to 4.70%. This spike increased fears of Federal Reserve interest rate hike...
PatentVest's latest report analyzes OpenAI's 69 published patent families, showing the company's strategic shift from conversational AI to broader AI applications including generative media, AI agents, and developer infrastructure. This portfolio ref...
Roth Capital increased Alphabet's price target to $440 following strong Q2 results, including a 24% revenue rise and 300% net income jump. Despite a stock sell-off due to rising AI infrastructure spending, analysts view these investments as key to Al...
Google announced that its AI assistant Gemini now has over 950 million monthly users, tripling its user base from last year and approaching ChatGPT's 1 billion monthly users. The growth is driven by new features like Daily Brief and Gemini Spark, ava...
Google introduced a new biometric feature allowing users to unlock or recover their accounts using selfie videos instead of passwords. Users record a short video with guided head movements, which is encrypted and stored securely, to verify their iden...
