Alphabet said it sees 'opportunities for further productivity and efficiency', and will keep it a priority for the company, as it announced that it will invest nearly $75 billion in capex this year, a majority of which will go into technical infrastructure such as servers and data centers.

Key Takeaways Google parent Alphabet said it plans to spend $75 billion in capital expenditures this year, as it expands capacity to meet demand for AI.CFO Anat Ashkenazi said a majority of that spending would go toward technical infrastructure,