Banks in France could collapse because ‘widening riots can cause deposit flight,’ analysts warn

Alphabet is spending roughly $200 billion this year to build out its AI capacity, and Ruth Porat, the company’s president and chief investment officer, told Fortune’s Alyson Shontell that Google’s plan for next year will be even more substantial. Alphabet expects capital expenditure (capex) to “increase significantly” next year, she said at Fortune’s Most Powerful Women Summit in Santa Barbara, Calif., adding that the company remains “capacity constrained” as demand grows. “The demand for compute—because of the value that our partners are seeing in the enterprise, in governments, what we’re seeing across our platform—suggests that we’re in the buildout here now,” she said. “We do see this as an opportunity that extends for quite some…