Home / Business and Economy / Alphabet Buys AI Energy Powerhouse Intersect for $4.75B
Alphabet Buys AI Energy Powerhouse Intersect for $4.75B
23 Dec
Summary
- Alphabet is acquiring Intersect for $4.75 billion.
- The deal aims to secure energy for AI data centers.
- Intersect will operate independently post-acquisition.
Alphabet, the corporate parent of Google, has announced its intention to acquire data center energy specialist Intersect for $4.75 billion. This significant investment is part of Alphabet's broader strategy to secure the substantial energy resources necessary to fuel the rapidly growing field of artificial intelligence. The deal is expected to be finalized within the first half of next year, 2026.
Following the acquisition, Intersect is slated to continue its operations as an independent entity. Its primary mission will remain focused on enhancing and diversifying the energy supply chains critical for the massive data centers powering AI services. These facilities are becoming increasingly vital for AI development, not just for Google but also for its competitors.
The escalating demand for power from AI factories is beginning to draw community attention, with rising electricity bills raising concerns about the cost burden of this technological boom. This acquisition by Alphabet underscores the critical importance of stable and affordable energy in the ongoing AI revolution.
