"We're telling the major tech companies that they have the obligation to provide for their own power needs. They can build their own power plants as part of their factory so that no one's prices will go up, and in many cases, prices of electricity will go down for the community."
"The announcement comes as Big Tech companies spend hundreds of billions of dollars to build AI infrastructure and data centers, driving up electricity demand in the US. Utility costs are rising across the US as a result of the increased electricity demand for data centers, a report from the Center for American Progress found."
"Trump has previously said Americans should not have to pay higher electricity costs due to data centers, and that the companies that build them 'must pay their own way.'"
President Trump announced during the State of the Union that major tech companies must cover their own electricity needs for data centers through a new 'rate-payer protection pledge.' Companies can build their own power plants as part of their facilities to ensure community electricity prices don't rise and may even decrease. Tech companies are already constructing off-grid infrastructure. The announcement addresses concerns that Big Tech's massive investment in AI infrastructure and data centers is driving up US electricity demand and utility costs. Trump emphasized that tech companies must 'pay their own way' rather than burden consumers with higher electricity costs.
Read at Business Insider
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