Alphabet to ramp up AI spending as Google Cloud surges and Kimbal bags 22 million

Published on 2 May 2026

Google Cloud jumps 63 percent as spending accelerates

Alphabet’s latest quarter shows AI reshaping cloud: Google Cloud revenue jumped about 63% on surging enterprise demand, lifting overall revenue and profits. The company signals a bigger push on capital expenditure to expand AI infrastructure. Separately, energy engineering firm Kimbal Pvt Ltd secured a $22 million Series B led by GEF Capital Partners to scale smart grid and metering tech.

Google Cloud revenue rose sharply as AI demand drove growth
Alphabet is increasing capex to expand data centers and AI infrastructure
Kimbal secured $22M Series B for power quality and energy management
Kimbal’s AMI tech already covers 10 million-plus endpoints

#alphabet #funding #google cloud #ai #smart energy

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Alphabet to ramp up AI spending as Google Cloud surges and Kimbal bags 22 million

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