Alphabet has agreed to acquire its long-time data center partner Intersect in a deal valued at approximately $4.75 billion, as the tech giant moves to secure critical infrastructure for its expanding cloud and artificial intelligence operations.
The acquisition will bring Intersect’s data center assets and development pipeline in-house, giving Google greater control over power supply, site development, and long-term capacity planning. Demand for computing power has surged as companies race to deploy AI models and scale cloud services.
Alphabet said the deal aligns with its strategy to invest heavily in infrastructure while improving efficiency and sustainability. Intersect has specialized in building large-scale ...
