San Francisco | Google burned through cash in the second quarter for the first time since going public decades ago as gargantuan artificial intelligence infrastructure spending has transformed it from an asset-light business into a capital-intensive one.
The company said free cash flow for the three-month period to end June turned to minus $US5.9 billion ($8.4 billion), much lower than analysts had expected, as it again upped its spending forecast for data centres and other AI hardware.
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Financial Times