Alphabet boosts AI infrastructure spending to $190B for 2026 amid cloud growth

Alphabet raises CapEx guidance to $205B as AI spending race accelerates

Alphabet raised CapEx guidance to $195–205B (+$15B) with $84.75B equity raise for AI infrastructure, allocating ~50% to servers and 40% to data centers. For IT leaders, the key insight: energy competition with miners is reshaping data center economics, but the real risk is the timing gap between massive spending now and proven AI product monetization.