"One year ago today, Donald Trump was inaugurated as president of the United States. Standing alongside him that day were the leaders of the tech industry's most powerful companies, who had donated to him in an unprecedented bending of the knee. In the ensuing year, the companies have reaped enormous rewards from their alliance with Trump, which my colleague Nick Robins-Early and I wrote about last month after Trump signed an executive order prohibiting states from passing laws regulating AI."
"Donald Trump is worried about datacenters. Specifically, he is concerned about their effects on an already expensive electricity market in the United States. Will Americans' resentment of sharply rising energy costs scuttle his goal of total deregulation of AI and his party's November election ambitions? Trump's anxiety is evident in two actions last week. On 13 January, Trump and Microsoft's president jointly announced that the tech giant would pay more for its datacenters, paying full property taxes and accepting neither tax reductions nor electricity rate discounts in towns where it operates datacenters."
Donald Trump was inaugurated a year ago with tech industry leaders standing alongside him after donating to his campaign. In the ensuing year, tech companies gained large benefits including an executive order preventing states from regulating AI, billions in government funding, and diplomatic visits that featured CEOs as negotiating partners in lucrative deals. As a new term begins, Silicon Valley firms appear poised to profit further from presidential support. Rapid datacenter expansion in the US and Europe has political consequences by straining electricity markets and increasing energy costs. Trump has expressed concern and announced a deal with Microsoft for higher taxes and no local electricity discounts.
Read at www.theguardian.com
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