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Google just had its first negative cash flow quarter due to massive "AI" spending (arstechnica.com)

submitted 4 days ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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Google has reported its financial results for the second quarter of 2026 (PDF), and as usual, the search giant raked in an unfathomable amount of money. Google saw total revenue of $119.8 billion, beating analyst expectations by a comfortable margin. Despite that, the company’s stock has taken a hit. Along with all that revenue, Google has announced a further increase in its AI-fueled capital expenditures (or capex). The company is actually spending so much on AI infrastructure that it has negative cash flow for the first time.

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[-] EliteCloneMike@lemmy.zip 14 points 4 days ago

Yea. Google had paraded around like a University and showed their “freedom” of knowledge in the early day with smart creative people working for them. Now, after they went public, the corporate greed reared its ugly head and has been slowly eroding the company for users in favor of investors and “growth”. Google need to be broken up.

this post was submitted on 24 Jul 2026

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