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

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 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 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

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,

The Google parent company said the acquisition would increase data center capacity to meet growing demand for AI.

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.