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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

Alphabet Raises AI Spending But Still Can't Meet Demand: 'We're Still in a Supply Constraint Environment'

Alphabet Inc

(Editor’s note: Alphabet’s share moves were updated under Price Action.)

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) said demand for its artificial intelligence (AI) services continues to outpace available computing capacity despite raising its capital spending outlook.

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