Google burned through nearly $6bn in cash last quarter as AI spending surged
Financial Times 2026-07-22 20:36:46
Context: Google reported a significant surge in spending on artificial intelligence in the last quarter, resulting in a substantial cash burn of nearly $6 billion. The company's cloud computing division played a crucial role in this, achieving an impressive 82% growth in revenue. This substantial investment in AI and cloud computing has contributed to strong revenue and profits for the company.
Key Facts
- Google's capital expenditures and investments in the last quarter totaled nearly $6 billion, reflecting a significant increase in spending on artificial intelligence and other technologies.
- The company's cloud computing division experienced an 82% growth in revenue, contributing substantially to Google's overall financial performance during this period.
- The surge in AI spending and the growth of the cloud computing division have resulted in strong revenue and profits for Google, despite the significant cash burn.