Sep 21, 2026
Marvell Technology agreed to give Alphabet's Google rights to purchase as much as $12.2 billion of its shares in exchange for purchasing chips, marking a significant strategic partnership between the chipmaker and tech giant.
Google announced major AI leadership changes with chief scientist Jeff Dean leaving after 27 years and Demis Hassabis stepping down as DeepMind CEO to become Alphabet's chief scientist. Multiple senior AI researchers are also departing to launch their own startup.
Alphabet increased its full-year capex estimate to $195-205 billion, up from previous guidance, as it invests heavily in AI infrastructure. The company's cash flow turned negative despite strong cloud revenue growth, with investors expressing concern over mounting AI expenses.
Google's parent company Alphabet plans to raise up to $80 billion through equity sales to fund massive AI infrastructure investments, including a $10 billion deal with Berkshire Hathaway. The move raises questions about the economics of AI spending.
Alphabet's cloud division reported blowout growth results, resetting investor expectations across major tech companies regarding returns on AI infrastructure investments, which are projected to reach $700-725 billion in 2026.
A group of Alphabet shareholders are pressing the company to explain governance and controls on government use of its technology and cloud services for surveillance, following Google's classified AI deal with the Pentagon despite employee opposition.