Intersect, a company specializing in energy management solutions for data centers, was acquired by Alphabet for $4.75 billion. This move is seen as a strategic investment in energy infrastructure as the AI infrastructure era begins. The acquisition allows Alphabet to efficiently power its data centers with renewable energy solutions provided by Intersect. This deal signifies a shift in focus towards energy management in the AI industry, indicating a move away from relying solely on new chips for AI development. This acquisition is part of Alphabet’s broader strategy to control all aspects of the AI value chain, from hardware to energy costs.

Read more at Yahoo Finance: Why Alphabet Just Paid $4.75 Billion for Intersect — and What It Means for the Future of Artificial Intelligence (AI)