Alphabet has agreed to buy Intersect for $4.75 billion in cash to enhance its energy infrastructure and data center capabilities. This acquisition aims to boost energy supply and accelerate the development of advanced energy technologies.

Alphabet is buying Intersect for $4.75 billion in cash to boost its energy capacity for data centers. This acquisition includes several projects in development and aims to meet rising energy demands tied to AI expansion. The deal is expected to close in the first half of 2026.

CoreWeave is set to acquire Core Scientific in an all-stock deal valued at approximately $9 billion, enhancing its infrastructure for artificial intelligence while eliminating $10 billion in lease obligations. The transaction, pending regulatory approval, will significantly expand CoreWeave's data center capacity and may allow for the transformation of Core Scientific's cryptocurrency business to support AI workloads. Core Scientific shareholders will receive CoreWeave shares, valuing their stake at a premium.