Big tech will shoulder electricity costs for new AI data centers, White House says
Newsy
The Trump administration this week announced a new effort to help lower the cost of electricity produced by major technology companies building and maintaining data centers.
The Trump administration this week announced a new effort to help lower the cost of electricity produced by major technology companies building and maintaining data centers. The “Ratepayer Protection Pledge” is aimed at protecting consumers from elevated energy costs spurred by the rapid development of Artificial Intelligence and the need to strengthen the technology industry’s backbone.
President Trump hosted a roundtable event to promote the pledge, flanked by some of the most consequential names in Big Tech, including Google, Microsoft, Amazon Web Services, OpenAI, and Oracle. The President on Wednesday signaled optimism that the pledge would address electricity costs.
“Big tech companies are committing to fully cover the cost of increased electricity production required for AI data centers. And that would be prices for American communities will not go up, but in many cases, will actually come down, and very substantially,” Trump said during the roundtable.
According to Senior Administration Officials, the pledge comprises of five main sections:
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