It’s earnings season, and investors got an unpleasant surprise from Google: an increase on its spending estimate, to as much as $205 billion — from the last quarter’s projection of up to $190 billion. Even the lower end of Google’s new projected range — $195 billion — is much more than the company had previously forecast as its top end spending. Now, look, I recognize that there’s an impulse to say things like “What’s $15 billion between friends?” but from an investor’s…
AI’s finally expensive enough to make Wall Street nervous
