Alphabet set to buy data center, energy infrastructure developer Intersect for $4.75 billion in cash
Alphabet announced an plan to buy Intersect for $4.75 billion to secure power for US data centers. The move comes as tech firms face rising grid constraints and AI infrastructure project delays.
Oracle ORCL-1.17%decrease; red down pointing triangle is facing mounting anxiety from investors about how much it’s spending to build out data centers for the artificial-intelligence industry. The ...
On Tuesday, while appearing on CNBC's Closing Bell Overtime, Adami said that he expects the stock's current bounce to continue. "I think it will recover," Adami said, adding that he reviewed Oracle's ...
Oracle (ORCL) stock fell nearly 11% Thursday after the tech firm's quarterly AI costs rose ahead of Wall Street's expectations and revenue fell short. Oracle reported capital expenditures of $12 ...
For a few brief weeks in September and October, Oracle was on top of the artificial-intelligence revolution. The storied business-software and database company had a burgeoning $300 billion ...
Three months ago, Oracle Corp.’s scorching earnings outlook sent the shares soaring to their best day in three decades. But a quarter later, things look very different for the database software maker ...
For Oracle, it’s likely bad enough being the mixed metaphor canary in the AI bubble coal mine. But on Friday, the beleaguered Silicon Vally giant found a new way to suffer. Shares of Larry Ellison’s ...
Nvidia ( NVDA) CEO Jensen Huang unveiled Alpamayo, a family of open models built for autonomous driving, during his keynote ...
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Alphabet to purchase Intersect for $4.75 billion in cash plus debt to expand data center capacity
Alphabet, the company that owns Google, said Monday it will buy Intersect for $4.75 billion in cash and take on the company’s debt. Intersect builds and runs data centers and energy infrastructure.
The deal for Intersect, a data center and energy developer, is set to help Google build out its infrastructure for artificial intelligence. By Eli Tan Reporting from Seattle Google has agreed to buy ...
Oracle (ORCL) is set to report quarterly earnings after the bell on Wednesday. Wall Street is closely watching the cloud firm's results for any signs of cracks in the AI bubble. The fast-growing AI ...
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