Alphabet agrees to buy Intersect Power for $4.75bn
Deal will help Google’s parent company expand access to generation needed to power AI development
Deal will help Google’s parent company expand access to generation needed to power AI development

AI start-up secures more computing capacity as annualised revenues hit $30bn

Search giant increases its financial backing to help the AI lab add computing power to run its models

Investigation is bloc’s latest challenge to US big tech companies

Canadian and German start-ups to focus on ‘sovereign’ AI systems independent of US and China

Start-up behind Claude tool seeks to bulk up on chips and computing power after suffering outages this year

Deal with Apple fuels investor optimism over Big Tech group’s competitiveness with OpenAI’s ChatGPT