Google plans to invest $75 billion in datacenters in 2025 despite rising depreciation costs affecting its balance sheet. The company’s CFO, Anat Ashkenazi, noted a significant investment of $17.2 billion in technical infrastructure in Q1, primarily for servers and datacenters. Despite owning 135 datacenters globally, Google is struggling to meet customer demand. The CFO warned of potential variability in cloud revenue growth based on capacity deployment. Major tech competitors like Microsoft and AWS are also ramping up their datacenter investments, anticipating high demand for cloud and AI services.
"We're in a tight demand supply environment and given that revenues are correlated with the timing of deployment of new capacity, we could see variability in cloud revenue growth rates depending on capacity deployment each quarter."
"We still expect to invest approximately $75 billion in CapEx this year. The expected CapEx investment level may fluctuate from quarter-to-quarter, due to the impact of changes in the timing of deliveries and construction schedules."
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