According to Bloomberg, Alphabet’s steering board is struggling with how to profitably spend or invest their rapidly growing capital. In the second quarter of 2023, the IT giant generated about $29 billion in cash by cutting jobs and reducing losses in its various projects. As a result, Alphabet received $118 billion in cash and short-term securities. Economists say that Alphabet is among the richest companies in the Nasdaq 100 index, losing only to Apple Inc. which has $167 billion. Unlike Apple, whose management aims to give back most of its cash to shareholders via stock buybacks and dividends, Alphabet has a less clearly-defined capital return strategy. Previously, the IT company has not conducted share repurchases. As a rule, companies that have large amounts of cash in their accounts usually attract investors. In the future, these funds can be invested in securities for greater profits or returned in the form of dividends.