Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand
GeekWire
APRIL 30, 2024
were the first to be powered by the company’s Azure Cobalt 100 CPU, as part of a broader cloud infrastructure buildout. Google parent Alphabet reported capital expenditures of $12 billion, up 90%, “driven overwhelmingly by investment in our technical infrastructure,” CFO Ruth Porat told analysts. billion in revenue.
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