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Alphabet’s Power Play: Securing the Future of AI Infrastructure
Alphabet agrees to buy Intersect in $4.75B deal to bolster power for AI data centres
Google’s parent $GOOGL is making a power move. Alphabet just agreed to acquire Intersect for $4.75 billion (cash plus assumed debt) to secure more energy and data-centre infrastructure as AI ramps electricity demand.
What happened
Alphabet announced a definitive agreement to buy Intersect, a firm focused on data-centre and energy infrastructure.
The deal is framed as accelerating energy development so more generation and data-centre capacity can come online faster for Google’s US footprint.
Why this matters…
The skinny
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