Alphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in ‍AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock. Though it did not mention its chief AI rival by name, Alphabet's newly confident messaging emphasized a key contrast: Investments in AI have begun to reap returns throughout the entire company. That served as Alphabet's justification to potentially double its capital expenditures in 2026 - ‌to between $175 billion and $185 ‌billion - as a result of massive investments into AI computing capacity. All about ETCIO industry right on your smartphone! Download the ETCIO App and get the Realtime updates and Save your favourite articles.

Source: Economic Times February 06, 2026 10:23 UTC