Google just spent $4.75B chasing power for AI data centers
December 31, 2025
Alphabet is buying energy and data center developer Intersect for $4.75 billion in cash, plus the assumption of debt – a clear signal that securing power, not just servers, has become one of Google’s biggest bottlenecks as AI demand explodes.
Google just bought an energy developer
Google already owns a minority stake in Intersect from a previous funding round. Once the deal closes, Intersect…