US tech firms pledge at White House to bear costs of energy for datacenters

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Google, Microsoft, Meta, Amazon and several artificial intelligence companies signed a pledge at the White House on Wednesday to bear the cost of new electricity generation to power their datacenters. The agreement is meant to help mitigate concerns that big tech’s datacenters are driving up US electricity costs for homes and small businesses at a time the administration of Donald Trump is seeking to curb inflation. “This means that the tech companies and the datacenters will be able to get the electricity they need, all without driving up electricity costs for consumers,” the president said at the pledge signing event.

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