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Technology
Rael Hornby

Google's $75 billion bet on AI is more than most nation's GDP — but investors aren't impressed

Google Sundar Pichai Alphabet GDP Anat Ashkenazi Microsoft OpenAI
Scrapbook style image of a Google logo sticker with Bard and Gemini AI stars, on top of a Google-themed runway with a light blue background filled with various shapes.

On Tuesday, Google's Q4 2024 earnings call revealed much about how the company plans to spend its megabucks in the year ahead. And few ambitions of expenditure stood as lofty as pouring approximately $75 billion into capital expenditures, much of which was earmarked to greatly improve AI infrastructure.

That's over twice what Google spent in 2023, and rivals the projected GDP of entire countries like Panama, Uruguay, or the African nation of Ghana.

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