Meta's warning on AI investment caused its shares to fall, leading Alphabet to plan a significant increase in capital spending, focusing on building advanced AI models and services.
Alphabet aims to increase capital spending significantly, mirroring Meta's plans, to leverage AI for users, advertisers, developers, and global governments, despite implementing aggressive cost-cutting measures.
CEO Sundar Pichai must demonstrate how Alphabet's expanded AI-related expenditures will translate into substantial revenue growth, amidst the tech sector's notable pivot towards AI advancements.
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