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