By The Associated Press
Publication Date: 2025-12-31 17:04:00
MOUNTAIN VIEW, Calif. (AP) — 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.
It comes on the heels of Google unveiling plans in November to invest $40 billion in Texas over the next couple of years, which will include the development of three new data centers across the state.
Alphabet, which depends on Google’s search engine and other online services for most of its revenue, is buying out Intersect in its entirety after purchasing a stake in the San Francisco-based startup a year ago. Intersect had previously raised $2.1 billion from Google and other early investors.
After the acquisition is completed during the first half of next year, Alphabet intends to allow Intersect to operate independently while continuing its efforts to secure the energy sources needed for the sprawling data…
