The deal for Intersect, a data center and energy developer, is set to help Google built out its infrastructure for artificial intelligence.
Google parent Alphabet just struck another big energy deal aimed at growing its AI data center footprint.
Alphabet Inc (NASDAQ:GOOG) said on Monday it would acquire clean energy developer Intersect Power for $4.75 billion in cash, plus the assumption of existing debt, in one of the company's largest moves
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 Inc (NASDAQ: GOOGL) is in focus today after announcing plans to acquire Intersect, a leading clean energy and data centre infrastructure firm based in San Francisco, CA. According to its pres
Alphabet plans to acquire Intersect Power, a data center and clean energy infrastructure company, for $4.75 billion in cash.
Google-parent said it would buy Intersect's data-center projects that are in development, plus multiple gigawatts of energy and the Intersect team as part of the deal.
CNBC's Deirdre Bosa reports on Alphabet's deal to acquire Intersect for $4.75B.
Google-parent said it would buy Intersect's data-center projects that are in development, plus multiple gigawatts of energy and the Intersect team as part of the deal.
Tech giant Alphabet said on Monday it has agreed to buy data center and energy infrastructure solutions provider Intersect in a $4.75 billion deal.
Alphabet to acquire data center and energy infrastructure company Intersect
Alphabet has a comprehensive AI stack, owning nearly every component of the AI ecosystem. Its impressive growth has a long runway to continue as AI adoption spreads.
Technology stocks rebounded at the end of last week. The Justice Department released some of its investigative files tied to sexual predator Jeffrey Epstein.
Gold (XAUUSD:CUR) surged past $4,400/oz, driven by rate-cut bets and safe-haven demand amid geopolitical tensions. Silver (XAGUSD:CUR) hit a record $69.44, both metals poised for their strongest annua
Alphabet's core business is thriving. It may consider selling its custom chips to outside clients.
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