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Alphabet plans to spend up to $185 billion in 2026, surpassing analysts' expectations and doubling last year's expenditure. This significant investment aims to enhance its data centers, crucial for its artificial intelligence initiatives, following strong revenue performance in the fourth quarter.
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.