Big Tech's AI Bill Nears $750 Billion
Big Tech is on track for $750 billion in capex as developers bet AI demand outruns costs, while some AI developers have yet to profit.
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At a glance
Google is part of Alphabet. This topic follows its AI research, Gemini models, Google DeepMind, cloud infrastructure and consumer products.
- Focus
- Gemini; Google DeepMind; Google Cloud
- Reference
Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Google Cloud and Alphabet revenue are separate reporting scopes; cloud revenue is not synonymous with AI ARR.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Gemini 4 Argon becomes broadly available
Google expands access through developer and enterprise APIs, AI Studio, Gemini and Search subscriptions following its initial restricted rollout.
Source: GoogleGoogle Cloud revenue grows 82%
Alphabet’s second-quarter release reports accelerating cloud demand for AI infrastructure and solutions. Alphabet’s total quarterly revenue is $119.8B; it is not all AI revenue.
Source: Alphabet earnings release
Show earlier milestonesHide earlier milestones2025–1998 · 7 milestones
Earlier revenue, financing and company milestones.
Cloud reaches $13.6B in quarterly sales
Q2 Google Cloud revenue increases 32%, with growth across core infrastructure, AI products and Workspace.
Source: AlphabetIntroduces Gemini
Google unveils a multimodal model family, connecting its research programs to consumer and developer products.
Source: GoogleCreates Google DeepMind
Google combines DeepMind and the Brain team to consolidate its frontier AI research effort.
Source: GooglePublishes the Transformer architecture
Attention Is All You Need introduces the architecture underlying many later language models, including systems beyond Google.
Source: Google research paperBrings TPUs to Google Cloud
Cloud TPU infrastructure extends Google’s custom machine-learning hardware to outside developers and organizations.
Source: GoogleAnnounces the Alphabet holding structure
Google’s founders outline a reorganization separating Google’s core operating business from other long-term ventures.
Source: GoogleGoogle is founded
The search company later becomes the largest operating business within Alphabet.
Source: Alphabet annual report
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