Technology
Alphabet's cloud revenue doubles as TPU sales become a real business
Alphabet reported third-quarter revenue of $127.6bn, up 25%, with Google Cloud up 103% to $30.7bn and consolidated operating income of $40.6bn. Capital spending reached $51.4bn in the quarter and the company kept its 2026 guidance at $195-205bn. Sundar Pichai said first-party model APIs now process nearly 32 billion tokens a minute and the Gemini app has passed one billion users.