Trump Secures AI Energy Pledges From Amazon, Microsoft And Other Big Tech, Calls Impact 'Tremendous'
On Wednesday, the Donald Trump administration unveiled a voluntary agreement with major technology companies aimed at preventing artificial intelligence data centers from pushing electricity costs higher for U.S. consumers.
Tech Giants Sign ‘Ratepayer Protection Pledge'
At a White House roundtable, Trump and executives from several leading tech companies announced what the administration called a "ratepayer protection pledge."
Companies including Microsoft Corp (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), Oracle Corp (NYSE:ORCL), Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Meta Platforms, Inc. (NASDAQ:META), ChatGPT-parent OpenAI and Elon Musk's xAI signed the voluntary commitment.
Under the pledge, the companies agreed to build or purchase the electricity needed to run their ra
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