Alphabet disclosed $811B in future spending commitments at the end of June, up nearly $500B from March. It covers chips, data centres, electricity, and content.

Big Tech's $600 billion AI spending spree faces scrutiny as Alphabet, Microsoft, Meta, and Amazon report earnings, with Bitcoin miners also pivoting to AI.

Alphabet increases AI infrastructure spending to $190B for 2026. Alphabet as second-largest company by market cap on July 31 at 4.5% YES.