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Anat Ashkenazi stories

Oct 28, 2026

Google reports $51 billion AI spending as search revenue disappoints

Alphabet reported third-quarter results with AI spending exceeding $50 billion, leading to record cash burn. Core search advertising revenue came in below expectations, causing shares to fall 10% as investors questioned returns on massive AI investments.

Oct 28, 2026·4 sources

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Top claims

▪Alphabet reported Q3 2026 group revenue increased 25% year-on-year to $127.6 billion, slightly missing Wall Street analyst forecasts
▪Alphabet Chief Financial Officer Anat Ashkenazi stated that Alphabet capital expenditure will reach as much as $205 billion for full-year 2026
▪Alphabet capital expenditures rose to $51.3 billion in Q3 2026, up from $44.9 billion in Q2 2026, driven by record investments in artificial intelligence infrastructure

Topics

Cloud Computing Alphabet Compute, chips & AI infrastructure AI bubble concerns AI Industry AI data centers Microsoft Gemini 4 Argon AI investment Google Search