White House to host Big Tech in pledge to rein in power costs
Yahoo Finance·2026-02-25 17:06

Group 1 - The White House is planning to host major data center and AI companies, including Microsoft, Anthropic, and Meta Platforms, to formalize a deal aimed at shielding consumers from rising electricity costs [1][4] - The initiative is part of a broader agenda introduced by President Trump, which includes requiring technology firms to build their own power plants to support the growing demand from data centers and AI infrastructure [2][4] - Microsoft has already made commitments to invest in new electricity generation and efficiency measures, reflecting a proactive approach to mitigate the impact of data centers on electricity prices [3] Group 2 - The expansion of data centers, essential for AI technologies, has led to local and state protests due to concerns over rising electricity bills and pollution associated with these developments [5]

White House to host Big Tech in pledge to rein in power costs - Reportify