Back
Capital6/day by emailPrimary
Alphabet poured capital into AI infrastructure and it shows: Google Cloud revenue grew 82% to $24.8 billion in the second quarter of 2026, while the company's capital expenditure for the same quarter reached $44.9 billion in quarterly capital expenditure
Verified 2026-10-01
THE INTELLIGENCE CLUB
Facts like this, six days a week
The Daily Receipts on weekdays, The Weekly Brief on Saturday — six sourced facts a day by email, two more than the free site shows. Every one traced to the filing it came from. Free.
Join now and you start with 100 Receipts on The Receipts Ledger — your first step toward a free year of Insider or Pro. How it works →
Read this morning's edition →Alphabet’s exposure cardWhat share of the business the AI build-out actually isThe screener · 72 companiesEvery layer of the AI chain, priced dailyHow this was verifiedEvery figure links to the filing it came from
More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total $344.7 billion in global private AI investment in 2025
- Amazon's cash capital expenditure across the whole of 2025 came to $131.81 billion in one year