Alphabet is planning a $75 billion investment as Google Cloud’s revenue comes in below expectations.
Alphabet INC the parent company of Google, has announced plans to invest an impressive $75 billion in capital expenditures this year, highlighting its dedication to enhancing artificial intelligence (AI) infrastructure and expanding data centers. However, the tech giant’s cloud division did not meet analyst expectations, raising concerns about its competitiveness against rivals like Amazon Web Services (AWS) and Microsoft Azure. Despite a strong overall financial performance, Alphabet’s cloud revenue growth fell short of Wall Street projections, leading to a slight decline in the company’s stock following the earnings report. Analysts point…