Trump to push Big Tech to fund new power plants as AI drives up electricity costs
Sherwood News • • business
Key Points:
- Former President Trump urged tech giants to bear the costs of power infrastructure for energy-intensive data centers, rather than passing them onto households and small businesses.
- Microsoft responded by agreeing to pay higher utility rates that cover their electricity costs and pledged additional measures to reduce grid strain.
- Other major tech firms are expected to adopt similar stances, though analysts warn that increased costs may slow data center expansion.
- The financial impact of higher electricity costs will vary, with companies like Microsoft, Google, and Amazon able to offset expenses through cloud services, while Meta faces challenges due to its lack of a direct revenue stream from AI infrastructure.
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