Lates News

Alphabet said demand for its cloud services is growing rapidly, as reflected in the increase in its "backlog" (i.e., cloud service contracts not yet fulfilled). However, more than one-third of this quarterly growth came from a joint venture in which the company holds a stake. This information was disclosed in a quarterly filing submitted on Thursday. The filing outlines the AI-related risks facing Alphabet, which go beyond what the company discussed on its earnings call the previous day. In addition to the more than $1 trillion in purchase commitments, future lease payments and other obligations disclosed by the chief financial officer on the investor call, the filing also lists approximately $98.5 billion in contingent commitmentsobligations the company may need to assume under certain conditions. This amount increased by about $23 billion from the previous quarter. These commitments include: guaranteeing payments for data center leases, supporting partners in procuring power equipment, and, under certain circumstances, potentially repurchasing AI chip systems from customers.