With energy becoming a critical AI bottleneck, Google’s $4.75 billion acquisition of Intersect is a move to secure power for its data centers

Google’s corporate parent on Monday announced an agreement to buy data center energy specialist Intersect for $4.75 billion as part of its effort to secure the vast amounts of electricity needed to po

Alphabet framed the deal as part of a broader push to expand reliable energy supply for data centers without pushing grid costs on others.

Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence.

Alphabet will acquire Intersect Power, a data center and power infrastructure firm, in a deal valued at $4.75 billion including debt, the companies said Monday. Why it matters: Tech giants are aggressively hunting for power to serve energy hungry data centers that train AI models and handle queries.

Google parent Alphabet on Monday announced it will acquire Intersect, a data center and energy infrastructure company, for $4.75 billion in cash in addition to the assumption of debt. Alphabet said Intersect's operations will remain independent,

Alphabet has acquired data centre energy group Intersect Power for close to $5bn, boosting the Google parent’s power generation as it races to develop cutting-edge artificial intelligence. The deal, announced on Monday,

Alphabet (GOOG) (GOOGL) is buying data center and energy infrastructure solutions company Intersect for $4.75B, the Google parent said Monday.