Alphabet is set to acquire Intersect for $4.75 billion in cash and debt. This acquisition focuses on Intersect's data-center projects currently under development, along with the energy capacity and team involved. The deal is part of Alphabet's strategy to ramp up its data-center and energy generation capabilities to meet the growing demands of artificial intelligence. The acquisition is expected to close in the first half of 2026. Alphabet's investment comes amid a broader trend in the tech industry, where companies are committing vast resources—hundreds of billions of dollars—to expand their AI infrastructure. The deal builds on Alphabet's existing minority stake in Intersect from a funding round in 2024, highlighting its ongoing investment in energy-efficient technology to support its AI ambitions.