Google has raised its 2025 capital expenditure forecast to between $91 billion and $93 billion, up from $85 billion in Q2, as AI and cloud infrastructure investments accelerate. CFO Anat Ashkenazi said most spending targets servers and data centers, with major builds underway in India, Belgium, and the U.S. Despite rising costs, Google Cloud’s revenue climbed 34% year-over-year to $15.2 billion in Q3.
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