Alphabet has announced the acquisition of clean energy firm Intersect Power LLC for $4.75 billion, including cash and debt. This strategic move aims to bolster Google's data center capacity, crucial for its AI and crypto news operations. The acquisition will address the growing electricity demands driven by AI advancements and economic electrification. Google, which previously held a minority stake in Intersect Power, has collaborated with the firm on power plants located near its data centers. CEO Sundar Pichai emphasized that the acquisition will enhance capacity and energy solutions, supporting innovation in the U.S. The market will closely monitor the impact of this acquisition on inflation data and energy trends.
Alphabet Acquires Intersect Power for $4.75 Billion to Enhance Data Centers
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