Google Plans $75 Billion Investment In AI Development By 2025

According to PANews, Google CEO Sundar Pichai announced that the company plans to invest approximately $75 billion in capital expenditures by 2025 to advance artificial intelligence (AI) products. This statement was made during the fourth-quarter earnings report of Google's parent company, Alphabet, for 2024. Pichai highlighted that the projected investment represents a 43% increase from the company's $32.3 billion capital expenditure in 2023. He emphasized that this investment aims to accelerate AI innovation and strengthen Google's core business. While the exact portion of the investment dedicated specifically to AI remains unclear, it is anticipated that a significant amount will be allocated to expanding Google's AI infrastructure. Other major tech companies are also increasing their spending on AI-related projects. For instance, Meta has announced plans to invest $65 billion to enhance its AI infrastructure.