Alphabet, owner of Google, indicated it will spend 48 billon US dollars on capex in 2024, up from 32.3 billion dollars in 2023. CFO Ruth Porat said that its reported capex in the first quarter of 12 billion dollars was "once again driven overwhelmingly by investment in our technical infrastructure, with the largest component for servers, followed by data centres. The significant year-on-year growth in capex in recent quarters reflects our confidence in the opportunities offered by AI across our business."
Alphabet also noted that YouTube surpassed 100 million Music and Premium subscribers globally, including trialers, while YouTube TV now has more than eight million paid subscribers. It also confirmed that "Waymo’s fully autonomous service continues to grow ridership in San Francisco and Phoenix, with high customer satisfaction; and we started offering paid rides in Los Angeles, and testing rider-only trips in Austin." source: Alphabet collateral
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