Google is set to acquire Intersect, a US-based data center and energy developer, in a $4.75-billion all-cash deal as the technology giant accelerates the expansion of its artificial intelligence infrastructure.

In a statement released Monday, Google said the acquisition will strengthen its ability to secure power supply for data centers, which are critical to running AI systems. Intersect develops and operates large-scale data centers and energy facilities and has already been working closely with Google on several projects. Google also invested in the company late last year.

Google chief executive Sundar Pichai said Intersect would allow the company to build power generation and data center capacity in tandem, helping support innovation and maintain US leadership in advanced computing.

Intersect, a privately held firm based in San Francisco, did not immediately comment on the deal.

The acquisition comes as major tech companies — including Amazon, Meta, Microsoft, and OpenAI — pour billions of dollars into data center construction amid an intensifying race to dominate artificial intelligence. Most firms have relied on complex financing structures rather than outright purchases, making Google’s move relatively uncommon.

Google said it will absorb some of Intersect’s employees, data center projects, and several gigawatts of energy capacity, while Intersect will spin off certain facilities in Texas and California that serve other clients.

The deal is expected to support Google’s massive AI investment in Haskell, Texas, where it plans to spend $40 billion through 2027, according to The New York Times.