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Alphabet raises AI spending to $51.4 billion, shares drop 9.4%
Free cash flow at Alphabet stayed negative for a second straight quarter, even as revenue grew 25% to $127.58 billion. Shares dropped 9.4% in extended trading.
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Google Cloud details bitcoin custody tool for banks
Google Cloud is previewing a joint-signing service that protects bitcoin held by banks and similar institutions. The company said it expects to launch the tool commercially within the first months of 2027.
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