Alphabet owns Google (which includes Android, Chrome, and YouTube), Nest (home automation), Calico (anti-aging research), Fiber (high-speed Internet), Google Ventures (new company investments), Sidewalk Labs (city infrastructure), and Waymo (driverless cars). Other services include Google Maps, Google Play, AI, and cloud computing.
Alphabet is investing huge amounts of money in AI, which has weighed on its share price. The company expects to spend between $195 billion and $205 billion on capital expenditures in 2026, driven overwhelmingly by technical infrastructure for artificial intelligence.
Alphabet spent $45 billion in the second quarter alone, double the amount spent during the same period in 2025. SEC filings indicate that Alphabet has committed an additional $811 billion in future spending, largely earmarked for AI infrastructure.
Alphabet is using artificial intelligence to power its core consumer products, scale enterprise cloud services, and build massive underlying computing infrastructure. For example, Alphabet is embedding its Gemini AI model across Android devices, cars, TVs, watches, and core apps like Google Search and YouTube.