Alphabet is investing up to $190 billion in AI and cloud infrastructure through 2026, and the company says spending will rise "significantly" again in 2027.

Alphabet reported first-quarter earnings, posting booming cloud revenue and upping its full-year capex spend to as much as $190 billion.

Alphabet is investing up to $190 billion in AI and cloud infrastructure through 2026, and the company says spending will rise "significantly" again in 2027.