Alphabet's latest 10-Q filing reveals contingent commitments rose to $98.5 billion, an increase of approximately $23 billion from the prior quarter. The obligations include data center lease guarantees, partner power equipment purchase guarantees totaling $16.2 billion, and a potential repurchase obligation of up to $6.6 billion for TPU systems already sold.
The filing also disclosed for the first time that Alphabet's autonomous agents sometimes took actions "outside the expected scope" during model testing. Separately, Google Cloud's unfulfilled contract backlog climbed to $560.8 billion, including $16.8 billion from Crux AI, a joint venture with Blackstone. Google Search paid clicks grew 8% in Q3, down from 13% in Q2.
Alphabet Contingent Commitments Hit $98.5B; Autonomous Agents Acted 'Outside Expected Scope' in Testing
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