Trump Announces Tech Companies to Sign Pledge for Data Center Power Supply Next Week
By
Justine Calma
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Summary
President Trump announced during his State of the Union speech that major tech companies including Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI are expected to sign a 'rate payer protection pledge' next week. The pledge would require these companies to build or pay for new electricity generation for their data centers to address rising electricity costs driven by AI data center energy demands. The announcement comes amid concerns about increasing electricity rates as AI infrastructure expands, though details about the pledge remain vague.
Key quotes
· 3 pulledTrump claimed that he's negotiated a 'rate payer protection pledge' with major tech companies, which would see them build out or pay for new electricity generation for their data centers.
Leaders from Amazon, Google, Meta, Microsoft, xAI, Oracle and OpenAI are expected to attend a March 4th event to sign the pledge, Fox News reported today.
President Trump announced vague plans during his State of the Union speech to address rising electricity rates in the US as new AI data centers demand more energy.
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