Regulators approved the first-ever GLP-1 pill for treating obesity from Novo Nordisk. Alphabet will acquire data center company Intersect for $4.75 billion in cash and assume its debt. Instacart is ending its contentious AI-driven pricing tests.

Alphabet, Google’s parent company, has agreed to acquire energy and data center infrastructure firm Intersect in a $4.75 billion cash deal, deepening its push to secure power for the next wave of AI growth.

Alphabet also has a cost advantage due to using its own data center infrastructure and computer chips to run Gemini, making it more profitable than both OpenAI (owner of ChatGPT) and Anthropic (owner of Claude), which are burning a boatload of cash right now.

The deal to buy Intersect for $4.75bn in cash, plus debt, broadens Alphabet’s access to power at a time when the technology giant is competing with rivals including OpenAI, Elon Musk’s xAI and Meta to train and run energy-intensive AI models.

After its self-driving taxis stalled and caused traffic backups during a significant power outage in San Francisco last weekend, Alphabet Inc.'s Waymo announced that it would improve its automated software to better handle power outages.

Nvidia and Alphabet are set to be the top-performing "Magnificent Seven" stocks in 2025. Nvidia is expected to continue seeing strong growth in 2026 as AI infrastructure spending continues to ramp up.

Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) has done extremely well for its shareholders this year, and the stock hit a new all-time high of $329 in November. However, after a recent pullback, shares briefly moved below $300 and are still close to that level as of Dec. 19.