In the most recent trading session, Alphabet Inc. (GOOG) closed at $315.68, indicating a +1.4% shift from the previous trading day.
Motive offers fleet management software and is engaged in patent litigation with Samsara, one of its competitors. The company is backed by Alphabet's GV, Base10 Partners, Greenoaks, Index Ventures, Kleiner Perkins and Scale Venture Partners.
The stock market is quickly waking up to the fact that Alphabet (NASDAQ:GOOG , NASDAQ:GOOGL ) is the leading AI software company today.
Regulators approved the first-ever pill for treating obesity from Novo Nordisk. Alphabet will acquire data center company Intersect for $4.75 billion in cash and assume its debt.
An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk's xAI, Anthropic, Google , OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence systems.
Google's parent company is set to acquire Intersect, a company providing data center and energy infrastructure solutions. The $4.75 billion deal is designed to allow more artificial intelligence (AI) data center and generation capacity to come online more quickly while accelerating energy development and innovation, Alphabet said in a Monday (Dec. 22) news release.
Google parent Alphabet has agreed to buy Intersect Power, a data center and clean energy developer, for $4.75 billion in cash plus the assumption of the company's debt.
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 to power artificial intelligence technology.
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 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