Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024.
Carlos Barria | Reuters
Alphabet CEO Sundar Pichai said the company plans to invest more money in innovating artificial intelligence and its core businesses.
“We are confident about the opportunities ahead, and to accelerate our progress, we expect to invest approximately $75 billion in capital expenditures in 2025,” Pichai said in Tuesday’s earnings release announcing the investment plan.
The announce came alongside Alphabet mixed fourth-quarter earnings. Shares fell 6% as the company topped Wall Street’s earnings estimates by 2 cents per share, but fell short on revenue expectations.
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