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Alphabet Shells Out $4.75 Billion to Snap Up Intersect, Fortifying Its AI Computing Prowess and Electricity Infrastructure
2 day ago /
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Author：小编
On Monday, local time, Alphabet, the parent entity of Google, made a public announcement. It revealed that it had inked a conclusive deal to acquire Intersect, a company specializing in data centers and energy infrastructure, for a hefty sum of $4.75 billion in cash. Additionally, Alphabet will take on Intersect's associated debts. Once the transaction wraps up, Intersect is set to maintain its independent operations, with its founder and CEO, Sheldon Kimber, continuing to steer the ship. This strategic acquisition is poised to give Alphabet a significant boost, enabling it to expedite the development of new data centers and electricity facilities, thus enhancing its overall technological and infrastructural capabilities.
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