Why Alphabet Just Paid $4.75 Billion for Intersect -- and What It Means for the Future of Artificial Intelligence (AI)

It's been a busy period for Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). In mid-November, investors learned that Warren Buffett's investment conglomerate, Berkshire Hathaway, took a $4 billion stake in the internet giant during the third quarter. Subsequently, shares soared to new all-time highs.Then on Dec. 22, Alphabet announced a definitive agreement to acquire Intersect, a provider of data center and energy infrastructure solutions, for $4.75 billion. As Alphabet continues to push the frontiers of all things artificial intelligence (AI), investors may be wondering how the Intersect deal fits into the company's long-term roadmap.Let's dig into why this deal represents a savvy move by Alphabet, and unpack what it could mean for the broader AI infrastructure movement.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool