alphabet

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Rows of server racks in a data center hallway, the kind of infrastructure driving record AI capital spending

What Is AI Capex — and Why Is It Draining Big Tech's Cash?

26 July 2026

Capital expenditure — capex — is what tech giants spend building AI data centers and chips. Here's what it means when that spending pushes a profitable company's free cash flow negative.

Alphabet's Free Cash Flow Turns Negative on Record AI Spending

26 July 2026

Alphabet posted its first quarterly free-cash-flow deficit as AI spending pushed capital expenditures to a record $44.9 billion, and raised its 2026 capex outlook to $205 billion.