In a ceremony at the White House on Wednesday, executives from seven major tech companies signed a pledge with President Trump to supply their own power for artificial intelligence data centers. Leaders from Amazon, Google, Meta, Microsoft, xAI, Oracle and OpenAI agreed to the “ratepayer protection pledge” Trump first announced during last week’s State of the Union address. The president said the plan will help shield residents from higher electricity costs in areas where AI data centers are being built. Advertisement“Under this new agreement, Big Tech companies are committing to fully cover the cost of increased electricity production required for AI data centers,” the president said Wednesday. Many tech firms are already moving in this direction, with Google, Meta, Amazon and others increasingly securing dedicated power for their AI data centers.

Source: Los Angeles Times March 05, 2026 04:30 UTC