Google's parent company expects AI capital expenditures to reach $75 billion this year, a 43% increase compared to 2024

ChainCatcher news, according to The Information, the impact of DeepSeek has not slowed down the expansion of tech companies' capital expenditures on AI. Google's parent company Alphabet stated that it expects capital expenditures to reach $75 billion this year, a 43% increase from 2024.

This brings Google very close to Microsoft, which has stated that it will spend $80 billion on building AI data centers in the fiscal year ending in June. Meta Platforms plans to spend up to $65 billion on capital expenditures, just slightly behind. Meanwhile, Amazon expects its capital expenditures for 2024 to be $75 billion.