Evidence100%Authoritative
FactIn ProgressFinancial·April 26, 2024
Capital Expenditure Surge to $12 Billion in Q1 2024 for Technical Infrastructure
Alphabet's purchases of property and equipment nearly doubled year-over-year from $6.3 billion in Q1 2023 to $12.0 billion in Q1 2024, with the company stating it expects capital expenditures to increase in support of AI products and services and technical infrastructure investment.
Evidence Strength
Evidence100%Authoritative
Backed by sec filing
Single publisher source
Includes official or primary source
Insights
First tracked
April 26, 2024
Last updated
April 26, 2024
Sources
1 source
Related Developments
Walmart Integrates Gemini into OperationsGoogle Seeks Liquid Cooling Equipment from Chinese Suppliers for AI Data CentersGermany Plans to Double AI Data Center Capacity by 2030, Targeting Google Among OthersBofA Forecasts $15 Billion in Alphabet Investment-Grade Debt Issuance for AI InfrastructureAlphabet Pitches Google Cloud Defense Partnership to Pentagon
Sources (1)
Source Timeline
- 10-Q — 2024-04-26 (GOOGL)SEC EDGAR·Apr 26, 2024
Evidence Strength
Evidence100%Authoritative
Backed by sec filing
Single publisher source
Includes official or primary source
Insights
First tracked
April 26, 2024
Last updated
April 26, 2024
Sources
1 source
Related Developments
Walmart Integrates Gemini into OperationsGoogle Seeks Liquid Cooling Equipment from Chinese Suppliers for AI Data CentersGermany Plans to Double AI Data Center Capacity by 2030, Targeting Google Among OthersBofA Forecasts $15 Billion in Alphabet Investment-Grade Debt Issuance for AI InfrastructureAlphabet Pitches Google Cloud Defense Partnership to Pentagon