Alphabet locks in $811 billion for AI infrastructure as future spending jumps $500 billion
Alphabet revealed $811 billion in contracted future spending commitments at the end of Q2, surging nearly $500 billion from the previous quarter. The massive obligations cover AI infrastructure including chips, data centers, and power agreements, representing roughly four years of spending at current rates. Meanwhile, the company raised its 2026 capital expenditure guidance to $195-$205 billion.