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Google reportedly investing $40 billion in new Texas data centers

CNBC · Just In
CNBC
CNBC
Just In

Q3 plans reveal the company is planning to invest a total of $93 billion this year, after landing a big contract with OpenAI.

Breakdown
  • Google plans to invest $40 billion in new data centers in Texas, according to Bloomberg.
  • The investment is part of Alphabet's aggressive capital expenditure plan, targeting up to $93 billion in 2024. 4s
  • Google has recently secured major cloud contracts with Meta, Anthropic, and OpenAI. 14s
  • Google is powering its AI model, Gemini, in Texas, which is also home to Oracle's new AI buildout with OpenAI. 19s
  • Google has not yet responded to requests for comment regarding the investment. 29s
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