Dec 22 (Reuters) - Alphabet said on Monday it

would buy data center ‌and energy infrastructure provider

Intersect for $4.75 ​billion in cash, plus assumed ‍debt, as tech

giants ⁠ramp up ⁠spending to expand computing and ‌power capacity

necessary for ​developing AI.

Under the deal, Alphabet will acquire ⁠Intersect's multiple

gigawatts ‍of ​energy and data center projects in development or

under construction.

Intersect will ‍also explore a range of emerging technologies

to increase and diversify energy supply, while supporting

Google's U.S. data ​center ‍investments, Alphabet said.

Its operations will remain separate ​from Alphabet and Google

under the Intersect brand and its existing operating assets in

Texas, and its operating and in-development assets ​in California

will not be part of the acquisition.