Alphabet (GOOGL) Boosts Capex With $9B AI and Cloud Expansion

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks In The Spotlight For InvestorsOn August 14, Alphabet’s Google pledged that it will spend an additional $9 billion in Oklahoma over the next two years to expand cloud and artificial intelligence infrastructure.

It announced that it will build a new data center campus in Stillwater and expand its Pryor facility to boost U.S. AI and cloud capacity, along with education and workforce programs.

According to the company, a portion of the spending is included in the capex plan for 2025 that was previously announced, while the rest is appropriated for the future.

Alphabet (GOOGL) Boosts Capex With $9B AI and Cloud Expansion

Last month, Alphabet raised its annual capital spending plans to an estimated $85 billion from $75 billion previously.

Google has also recentlyh committed $1 billion to AI education and training for U.S. higher education institutions and nonprofits in response to similar pushes from rivals OpenAI, Anthropic and Amazon.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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