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AI gigafactories

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Alphabet, Tesla AI deficits, EU AI gigafactories rollout

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Latest: EU launches €30 bn AI gigafactory programme to build up to seven facilities

Alphabet posted Q2 2026 revenue of $119.8 billion but recorded a $5.9 billion free‑cash‑flow deficit as AI‑related capital spending rose to $44.9 billion. Tesla reported a $1.1 billion cash‑flow loss and unveiled a $25 b