US EditionTrump signs agreement with Big Tech to cover data center electricity costs
Seven tech giants agreed to fund dedicated power and grid upgrades for AI data centers under a voluntary pledge to prevent rising electricity costs for U.S. consumers.
- On Wednesday, Google, Microsoft, Meta and Amazon signed a White House pledge with several artificial intelligence companies and hyperscalers to cover new electricity generation costs for data centers.
- The pledge builds on a State of the Union promise from President Donald Trump and aims to ease concerns that data centers raise electricity costs for homes and small businesses.
- Among signatories were Oracle, xAI and OpenAI alongside the largest hyperscalers, agreeing to source electricity for data centers and fund power delivery systems upgrades with utilities.
- Towns and cities may be more inclined to back projects after the pledge was signed, as Trump said `This means that the tech companies and the data centers will be able to get the electricity they need, all without driving up electricity costs for consumers.`
- Critics note the administration's focus on natural gas over solar and wind, while energy experts warn new generation may not come online quickly enough, and lawmakers and consumer groups will watch for concrete commitments.
157 Articles
157 Articles
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* ICYMI: Tech firms pledge to pay for AI data center power costs. But will they?. BBC… Technology firms including Google and Meta have said they will shoulder the costs to power artificial intelligence data centers, as the White House faces pressure to address rising electricity prices. In a meeting at the White House, tech [...]
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