Alphabet, the parent company of Google, has reported earnings that exceeded Wall Street expectations, with an annual revenue surpassing $400 billion for the first time. Following this positive outcome, the company plans to double its capital expenditure on artificial intelligence to up to $185 billion by 2026, indicating a strong commitment to enhancing its AI capabilities. Alphabet’s revenue growth is bolstered by a booming cloud computing business, which has seen a significant increase of 48%. This ambitious spending plan aims to establish Alphabet as a leader in AI infrastructure, despite some concerns from investors regarding the scale of the investment. Overall, the company is positioning itself strongly in the competitive landscape of technology, particularly in the AI sector.