Google goes cash flow negative for the first time as AI data center buildout increases capex to a staggering $44.9 billion in a single quarter — CFO warns that capex will increase in 2027 as company banks big on TPUs
… TPU sales turn capex into inventory Google began recognizing revenue from TPU system sales in the quarter, with Ashkenazi telling analysts the systems were "delivered to customer data centers for the first time in Q2" and that "the vast majority of the revenues from these agreements will be realize… …