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Google parent Alphabet buys data center and energy firm

Google Buys Data Center Company for $4.75 Billion

Google has agreed to buy Intersect, a data center and energy developer, for $4.75 billion, the tech giant said on Monday, as it pushes to build out its infrastructure for artificial intelligence.

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Google's parent buys data center energy specialist Intersect for $4.75 billion to help power AI

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Google Wants More Energy to Fuel AI. It's Buying This Company to Help Power Its Data Centers.

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Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push

Alphabet (GOOGL.O) said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity n...

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Alphabet to buy data center partner Intersect for $4.75 billion

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Alphabet acquires renewable energy company Intersect for $4.75B

How Tech’s Biggest Companies Are Offloading the Risks of the A.I. Boom

The data centers used for work on artificial intelligence can cost tens of billions to build. Tech giants are finding ways to avoid being on the hook for some of those costs.

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Data centers need electricity fast, but utilities need years to build power plants – who should pay?

Modern data centers use a similar amount of electricity but can be built in nine to 12 months. To meet that projected demand, construction of a new gas-fired power plant, or a solar farm with battery storage, must begin a year – maybe two – before the data center breaks ground.

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