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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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[-] iusemybrain@sh.itjust.works 8 points 2 days ago

your young self was right. the inventors of pagerank are pretty fucking cool, they also made an entire book on it, technology back then wasn't just smoke and mirrors if you understood linear algebra. Main note: they were employees of google.

Tech companies did cool shit when it wasn't about collecting data and profiling users. now they're ruthless scums trying to find by any means how to capitalize off of you.

this post was submitted on 24 Jul 2026

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