Comment Not a bubble (Score 1) 12
In the past year, Alphabet announced a deal worth 'tens of billions' with Anthropic. There was another deal with OpenAI for an unknown amount, but presumably similar to the Anthropic one. They are both a a complicated arrangement of chips going one way and services going the other, but the deals have been given a monetary amount that is beneficial to both parties, so I'm guessing that is going to be a large part of the increased profits at Alphabet. (And will probably also show up on the net balance sheet at Antropic and OpenAI. Its the circular economy bro!).