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Alphabet to Acquire Intersect Power for $4.75B to Support AI Data Center Expansion

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Alphabet Inc. has agreed to acquire clean energy firm Intersect Power for $4.75 billion in cash and debt to support AI data center growth. The deal strengthens Google’s control over power generation amid rising demand and inflation data concerns. Intersect, backed by TPG, operates $15 billion in U.S. energy assets and will keep its brand and leadership. Alphabet has also supported bitcoin miners shifting to AI and high-performance computing, aligning with growing AI + crypto news trends.
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