google alphabet artificial intelligence energy acquisition.

Google’s corporate parent on Monday announced an agreement to buy data center energy specialist Intersect for $4.75 billion as part of its effort to secure the vast amounts of electricity needed to power artificial intelligence technology. Alphabet, which depends on Google’s search engine and other online services for most of its revenue, is buying out Intersect in its entirety after purchasing a stake in the San Francisco-based startup a year ago. Intersect focuses on securing the energy sources needed for the sprawling data centers being built to power the AI services rolling out from Google and rivals such as OpenAI.