US tech firms pledge at White House to bear costs of energy for datacenters
Summary
Major US tech firms including Google, Microsoft, Meta, Amazon, Oracle, xAI and OpenAI signed a pledge at the White House to cover new electricity-generation costs for their datacenters, aiming to avoid raising consumer electricity prices while boosting grid resilience. The pledge encompasses building or procuring power, upgrading delivery systems, and securing dedicated rate agreements, with mixed views on whether it will deliver rapid grid capacity; observers warn policy dynamics may limit tangible impact.