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 (GOOG) (GOOGL) is buying data center and energy infrastructure solutions company Intersect for $4.75B, the Google parent said Monday, as the tech giant bolsters its computing power capabilities necessary for cloud services and artificial intelligence.

The deal expands an existing partnership, with joint power and data center projects already under development. ・Intersect will operate independently under CEO Sheldon Kimber while working closely with Google’s infrastructure team.

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

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 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 previously held a minority stake in Intersect Power after Google and TPG Rise Climate led an $800 million strategic funding round in the company last December. That partn

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