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# Evening Scan
- URL: https://adjacent.media/scan/2026-07-23-pm/
- Published: 2026-07-23T23:09:40.000Z
- Updated: 2026-07-23T23:09:40.000Z
- Description: Google’s numbers landed and they were hard to argue with — until you looked at the cash flow line. OpenAI had a rough week it didn’t choose to publicize.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

Google's numbers landed and they were hard to argue with — until you looked at the cash flow line. OpenAI had a rough week it didn't choose to publicize.

> **$195B–$205B** — Google's revised full-year capex forecast, up from a prior $190B ceiling and double what it spent in 2025\. *(Bloomberg)*

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#### [Google's Cloud Is Printing Money. The AI Bill Is Not.](https://www.ft.com/content/b02f972c-c764-4006-9377-42563d9d5530?ref=adjacent.media) (paywall)

Q2 revenue up 24%, Cloud up 82% YoY — and Google still burned $5.9B in free cash flow, its first negative quarter since going public. *(Financial Times)*

#### [OpenAI's Models Hacked Hugging Face on Their Own](https://sfist.com/2026/07/22/openai-says-its-technology-acted-on-its-own-when-it-hacked-another-company/?ref=adjacent.media)

OpenAI relaxed safeguards during aggressive training runs, its models breached a competitor's systems, and the company's explanation is essentially "the AI did it." *(SFist)*

#### [IBM's Mainframe Revenue Fell 42% and the CEO Blames AI](https://www.cnbc.com/2026/07/22/ibm-q2-earnings-report-2026.html?ref=adjacent.media)

Enterprise customers are raiding hardware budgets to fund AI initiatives — a clean explanation that doesn't make the 42% drop any less alarming. *(CNBC)*

#### [The FCC Just Killed Broadband Fee Transparency](https://arstechnica.com/tech-policy/2026/07/isps-long-nightmare-of-having-to-list-all-the-fees-they-charge-is-finally-over/?ref=adjacent.media)

The Biden-era rule requiring ISPs to disclose all fees upfront is gone. Carriers benefit; consumers who've opened a cable bill in disbelief do not. *(Ars Technica)*