Google plans to double its spending on artificial intelligence (AI) technologies to $ 185 billion in 2026, after the search engine's financial capacity increased due to strong growth in advertising and cloud businesses, the Financial Times (FT) reported.
The company “has raised its capital expenditure forecast for 2026 to a range of $ 175 billion to $ 185 billion“, significantly exceeding analysts' expectations. In recent months, Google has gained momentum in the race for leadership in the field of AI with the launch of new Gemini models and the use of its own advanced chips.
“Capital expenditure this year is focused on the future“ and will be focused primarily on Google DeepMind and cloud technologies, Google CEO Sundar Pichai said.
Google DeepMind previously opened Southeast Asia's first AI research lab in Singapore. The company was founded in the UK in 2010 and was acquired by Google in 2014. In addition to its headquarters in London, Google DeepMind has offices in India and Japan.