Google spent most of their cash, they are now taking loans for data centers too. They recorded their first quarter of negative cash flows ever
Big rich companies take on debt for reasons that are sometimes inscrutable from the outside. Recently, they have been borrowing for ~5%, about a half point above what the US government gets for 10-year Treasuries.
Apple has been financing operations with debt for a number of years as part of a complex optimization plan.
No, Google is not broke.
Some expert wall street analysts discussing what they found and how they dissect things, have a healthy skepticism of Big Ai
If my quick search is correct, Google is sitting on a quarter trillion dollars in cash and marketable securities. They could keep doing the negative cash flow thing at this scale for another decade.