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 for markets

AI is turning electricity into a strategic input, not just a utility bill. Whoever locks in power first can scale compute faster, potentially gaining an edge in AI product rollouts, cloud c ...