Google CEO Sundar Pichai is betting big on AI, planning to splash out a whopping $75 billion in 2025 to supercharge their artificial intelligence arsenal. π
“We’re injecting $75 billion into our AI future,” Pichai announced, highlighting a 43% surge in their capex from last year’s $32.3 billion. π°
He’s hyped about “turbocharging” AI innovation and bulking up their core businesses. πͺ
Capex β the cash cow for long-term business beefing β is set to make Google’s AI dreams come true. π
While the exact AI investment chunk is a mystery, it’s a no-brainer most will juice up Google’s AI empire. Other tech giants are also on a spending spree, with Meta throwing $65 billion at AI. π€
AI’s been a goldmine for Google, with revenues soaring 12% to $96.5 billion. π
Google Cloud’s cash flow skyrocketed 10%, raking in $12 billion, thanks to their rockstar Cloud Platform and AI solutions. π
But hey, Alphabet’s total haul missed the bullseye, falling short of the $96.7 billion analystspredicted, and their stock took a 7% nosedive after hours. π
In a recent chat with investors, Pichai played down the threat from newbies like China’s DeepSeek, which rattled the market in late January. π§οΈ
He bragged about Google’s Gemini 2.0 Flash models, calling them “top dogs” even against DeepSeek’s v3 and R1. πΆ
DeepSeek’s January surprise had Wall Street jitters, with rumors of a budget-friendly AI model giving US AI bigwigs a run for their money. π
The buzz is that DeepSeek crafted their AI wonder on a shoestring, just shy of $6 million, and without the fancy gear from Nvidia. π»
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2025-02-05 08:40