Alphabet Buys Data Centre Company Intersect For $4.75 Billion
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Alphabet, Google's parent company, is acquiring data centre and energy infrastructure firm Intersect for $4.75 billion. Intersect will remain independent but will enhance Alphabet's data centre and power generation capacity for AI expansion. This move is part of Alphabet's strategy to compete with OpenAI. The acquisition is expected to close in the first half of 2026, and Alphabet plans a $40 billion investment in Texas through 2027.
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