Deborah Sophia / Reuters:
Google parent Alphabet forecasts sharp surge in 2026 capital spending  —  Alphabet (GOOGL.O) said on Wednesday it was targeting capital expenditure of $175 billion to $185 billion this year, in yet another aggressive ramp-up in spending from the Google parent as it deepens its investments to push ahead in the AI race.

Todd Spangler / Variety:
Alphabet reports YouTube's Q4 ad revenue rose 9% YoY to $11.38B, vs. $11.84B est., and YouTube's annual revenue “surpassed $60B across ads and subscriptions”  —  Ad revenue hit record $11.38 billion in Q4 but fell short of Wall Street expectations

Alphabet:
Alphabet reports Q4 revenue up 18% YoY to $113.83B, vs. $111.43B est., Google Cloud revenue up 48% to $17.66B, vs. $16.18B est., net income up 30% to $34.46B  —  MOUNTAIN VIEW, Calif. - February 4, 2026 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended December 31, 2025.

Sam Altman responded to Anthropic's new Super Bowl ad in an X post on Wednesday, saying the OpenAI competitor's campaign is "clearly dishonest," and called it "on brand" for Anthropic to "doublespeak." "We would obviously never run ads in the way Anthropic depicts them," he wrote. "We are not stupid and we know our users […]

Jyoti Mann / The Information:
Internal memos: Meta said Avocado is its “most capable pre-trained base model” and achieves 10x compute efficiency “wins” on text tasks vs. Llama 4 Maverick  —  Meta Platforms is sounding an increasingly bullish note about the first major AI model expected to emerge from its new AI group.