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

submitted 5 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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[-] butWhatIfiCan@sh.itjust.works 22 points 4 days ago* (last edited 4 days ago)

Lots of smart people work at ~~Google~~ just about every company. They are not included in senior management.

this post was submitted on 24 Jul 2026

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