Alphabet revealed the payoff from that decision: in the final quarter of 2023, it reduced depreciation expenses by $983 million, and increased net income by $765 million. Across the full year, depreciation dropped $3.9 billion and net income rose $3.0 billion.
Q4 capital expenditure of $11 billion, 'driven overwhelmingly by investment in our technical infrastructure with the largest component for servers followed by datacenters.' Q3 capex was $7.6 billion, and reflects the company's outlook for the extraordinary applications of AI.
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