Alphabet (GOOG) will offer its TPUs to external customers, expanding AI hardware sales. An analyst forecasts large long-term revenue boost but warns near-term data-center capex could pressure cash flow. Gemini AI web traffic jumped 4x YoY; mobile daily users rose 295% in the past year. Gemini is now integrated into Google Search’s AI Overview. Q2 2026 smartphone shipments rose 16% year‑over‑year, led by Pixel 10 and Pixel 10a. GOOG issued about $92B in multi-currency bonds year-to-date, ranking behind Amazon among hyperscalers in AI-linked debt. GOOG faces stiff competition in the neocloud market as CoreWeave, Nebius and Lambda are tightly integrated with NVIDIA GPUs. Alphabet Inc. Class C (GOOG) is expected to keep funding new power generation and grid upgrades for data centers, joining tech peers in pledges to avoid shifting AI-related costs to households.