Dave Lee, Columnist

Google Backs Up $185 Billion in AI Spending With Receipts

Alphabet CEO Sundar Pichai has the green light.

Photographer: Vincent Feuray/AFP/Getty Images

Just when I thought I’d grown immune to seeing huge numbers attached to the artificial intelligence business, Alphabet Inc. comes along with this:

$185 billion! Analysts had been expecting something more like $119.5 billion, according to Bloomberg consensus data, which in itself would have been about a 30% increase from 2025. Now investors are being asked to swallow a potential spending increase of more than double.