- Google and Constellation Energy agreed a 20-year nuclear power deal worth $4.30 billion to add 890 megawatts of new capacity to the PJM grid.
- Alphabet's cloud backlog reached $514 billion, and management has committed $811 billion in spending, mostly on AI infrastructure.
- Management raised its capital expenditure guidance midpoint to $200 billion from $185 billion, and investors sent the share price lower.
- Free cash flow turned negative last quarter, and management said free cash flow will remain under pressure in 2027.
- Alphabet and Unity announced an AI-powered game creation platform partnership on October 8, 2026.
Quotes
“remain under pressure”
“securing long-term clean electricity for Google's expanding AI and cloud data centers”