You're listening to Tech Beat, and here's what matters in technology right now.
Google's parent company Alphabet has gone cash flow negative for the first time since its two thousand four IPO, burning through forty-four point nine billion dollars in a single quarter on AI data center construction. That spending exceeded operating income by nearly six billion dollars, and the company's CFO says capital expenditures will only climb higher into two thousand twenty seven.
Across the tech landscape, a quieter but troubling story is unfolding around crypto fraud. Myanmar has approved the death penalty for those who force others into scam labor operations, with life sentences for crypto fraud itself. The United Nations estimates these regional scam networks drove one hundred fourteen billion dollars in losses in two thousand twenty five alone.
And Meta, it turns out, secured an unusually favorable deal to build a data center in Louisiana, one the New York Times describes as giving the company essentially everything it asked for. The details of that arrangement were kept from the public, raising familiar questions about how much leverage large tech companies wield in negotiations with local governments.
Those are the stories shaping the conversation today. Keep surfing. Tech Beat out.
