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Google AI Updates: June 5, 2026

google gemini ai-infrastructure

1. Alphabet Investor Presentation Details Gemini Reach and AI Capex Plans

Google. Alphabet’s June 2026 investor presentation disclosed that it raised $80 billion in equity to expand AI infrastructure and projects $180 to $190 billion in capital expenditure for 2026. The deck states that Gemini now powers all 13 of Google’s billion-user products, AI Overviews reaches 2.5 billion monthly users, and token processing has grown more than 300x in two years to roughly 3.2 quadrillion tokens per month. Google Cloud’s backlog nearly doubled quarter-over-quarter to over $460 billion, with 75% of cloud customers using AI products. Source