Alphabet president Ruth Porat on how Google is funding AI to win long term, and the biggest risks ahead

Alphabet is spending roughly $200 billion this year to build out its AI capacity, and the company’s president and chief investment officer reiterated Google’s plan next year for the bill to be even more substantial. Alphabet expects capital expenditures (capex) to “increase significantly” next year, Ruth Porat said Monday at Fortune ’s Most Powerful Women Summit in Santa Barbara, Calif., adding that the company remains “capacity constrained” as demand for compute grows.

Source: Fortune Crypto