President Donald Trump welcomed commitments from power utilities and data center developers for technology companies to pay for the electricity they need to drive energy-hungry artificial-intelligence systems. #trump #ai #technology #politics #usa #news
Trump said that under the "Ratepayer Protection Pledge", America's largest tech companies have committed to fund or build all energy infrastructure required to meet the demand they are placing on the grid.
The pledge, which now covers 80% of the power delivered to US homes and businesses, is a nonbinding initiative where companies building and using data centers will pay above and beyond normal rates to ensure the costs aren't passed on to households.
Read more: https://www.bloomberg.com/news/articles/2026-07-23/trump-expands-ai-data-center-pledge-in-bid-to-ease-power-costs
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Trump said that under the "Ratepayer Protection Pledge", America's largest tech companies have committed to fund or build all energy infrastructure required to meet the demand they are placing on the grid.
The pledge, which now covers 80% of the power delivered to US homes and businesses, is a nonbinding initiative where companies building and using data centers will pay above and beyond normal rates to ensure the costs aren't passed on to households.
Read more: https://www.bloomberg.com/news/articles/2026-07-23/trump-expands-ai-data-center-pledge-in-bid-to-ease-power-costs
----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
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https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts
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https://www.instagram.com/bloombergbusiness
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