Tech giants back Trump pledge on AI data center electricity costs
Fox Business • • business
Key Points:
- Tech giants including Google, Microsoft, Meta, Oracle, xAI, OpenAI, and Amazon are set to join President Donald Trump in signing the Ratepayer Protection Pledge, committing to pay more for electricity to support AI data centers without passing costs to the public.
- The pledge also includes commitments to hire and train local workforces in communities where data centers operate, aiming to boost local employment and economic benefits.
- U.S. Secretary of Energy Chris Wright emphasized that the pledge aims to curb rising electricity prices while ensuring U.S. leadership in AI technology and strengthening grid infrastructure and resilience.
- Executives from the participating companies praised the initiative, highlighting its role in protecting consumers from higher energy costs and supporting long-term energy partnerships that benefit
