Alphabet (GOOGL.US) makes a heavy bet on AI data center: Acquires clean energy company Intersect for $4.75 billion, solving the "green" electricity shortage bottleneck.

Zhitong Finance APP learned that Alphabet, the parent company of Google (GOOGL.US), has agreed to acquire clean energy developer Intersect Power LLC for $4.75 billion in cash plus existing debt. This is one of the largest deals for the tech giant to significantly expand its artificial intelligence data center operations.