Alphabet locked in $811 billion of future spending on AI infrastructure. The number jumped $500 billion in one quarter.

Alphabet had $811 billion in contracted future spending commitments at the end of June, up nearly $500 billion from just three months earlier. The figure, disclosed separately from capital expenditure in a quarterly filing, represents purchases Google has already committed to under supply agreements and open purchase orders. Roughly $200.7 billion of the total is […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.