Alphabet reported a 23% year-on-year increase in revenues to 120 billion dollars at constant currencies for the second quarter, boosted by an uplift of 82% in cloud revenue driven by strong demand for AI infrastructure and AI solutions. It also reported a "cloud backlog" of 514 billion dollars.
Alphabet said its model APIs are now processing approximately 22 billion tokens per minute, up from 16 billion just a quarter ago. Over the past 12 months, more than 2,000 enterprises consumed over 100 billion tokens, the company added.
In the Other Bets division, which includes the Waymo self-driving unit, revenues rose only marginally to 382 million dollars (compared with 373 million), and the operating loss was 1.8 billion dollars, up from 1.25 billion dollars.
Alphabet also said it now plans to invest between 195 billion and 205 billion dollars in capex in 2026, up from its previous estimate of between 180 billion and 190 billion, as it anticipates further growth in demand for AI. Source: Alphabet statements
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