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 yet to secure electricity supplies for its fast-growing artificial intelligence data centers. The deal underscores mounting pressure on US power grids as surging demand from AI computing strains existing infrastructure, pushing major technology firms to lock in long-term energy access.
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-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.
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.
Alphabet to acquire data center and energy infrastructure company Intersect
The tech company's core ad business is a cash cow, helping fund investments into growth opportunities. Alphabet's cloud computing business is seeing impressive momentum.
Alphabet's Google has advised some employees on U.S. visas to avoid international travel due to delays at embassies, Business Insider reported on Friday, citing an internal email.
Alphabet (GOOG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Alphabet (GOOGL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Palo Alto Networks will migrate key internal workloads to Google Cloud as part of a new multibillion-dollar agreement. The agreement is an expansion of the companies' existing strategic partnership.
NVIDIA (NVDA) maintains a near-monopoly in AI hardware, underpinned by its CUDA software ecosystem and rapid time-to-market execution. Google's vertically integrated TPU strategy poses a significant long-term threat, enabling internal AI workloads to bypass NVDA hardware entirely. TPUs, tailored for high-throughput inference, could structurally cap NVDA's share of future AI economics as hyperscalers internalize AI stacks.
VC arms at Google and Nvidia have backed Swedish vibe coding startup Lovable in a $330 million Series B round at a $6.6 billion valuation. The announcement confirms details reported by CNBC on Tuesday.