Patel: Google will have zero free cash flow in 2027 due to AI CapEx
Dylan Patel · Dylan Patel Explains the AI War While Cooking | In-Context Cooking · Feb 26, 2026 · at 32:41
Dylan Patel, founder of SemiAnalysis, discusses hyperscaler CapEx economics and the escalating spending commitments in the AI infrastructure race.
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“There's no reason why Google will have any profit in 27 at all, right, in terms of cash flow. They will just spend every dollar they make On, on AI infrastructure.”
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