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Alphabet exceeds expectations, raises spending for the year, sees huge growth in cloud revenue in Q2 2025 earnings
Google's parent company is increasing capital expenditures to $85 billion in 2025.
In June, OpenAI decided to partner with Google Cloud services to help run the backend for ChatGPT and its other AI tools. Even though it trails behind AWS and Azure, Google’s cloud setup will now help power OpenAI’s operations in the U.S., UK, Japan, the Netherlands, and Norway. Bank of America Global Research analyst Justin Post said in an investor note that Alphabet has many positives this quarter, including “increasing advertising spending, AI helping to power revenue, and strong cloud performance,” Yahoo Finance wrote.
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