Alphabet's quarterly report filing discloses AI risk exposure exceeding $1 trillion, with cloud unfulfilled contracts growing over one-third from joint ventures.

October 30 - According to Bloomberg, Google's parent company Alphabet disclosed in its quarterly report filed on Thursday AI-related risk exposures that exceeded the scope discussed in the previous day's earnings call, showing its AI risk exposure has surpassed $1 trillion. Alphabet said demand for cloud services is growing rapidly, citing growth in unfulfilled cloud contracts as evidence.

Bloomberg noted that more than one-third of the growth in unfulfilled cloud contracts for the quarter came from a joint venture in which Alphabet holds a partial stake.