Alphabet Unveils Gemini 3.7 Flash as Cash Flow Turns Negative
Alphabet unveiled Gemini 3.7 Flash, a new model for coding and automated business tasks, pricing it at 75 cents per million input tokens and $3.75 per million output and rolling it out to Gemini Spark in more than 160 countries. The launch came alongside a $25 billion bond sale and Alphabet’s first-ever negative free cash flow quarter, with 2026 capex guidance raised to $195–$205 billion.