build your own power plants! | Business

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build your own power plants! – Business News

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Tech firms need to build their own power plants to help their energy-hungry AI tasks, President Trump mentioned during Tuesday evening’s State of the Union speech — his newest effort to ease power prices for bizarre Americans.

“I’m pleased to announce that I have negotiated the new rate-payer protection pledge. You know what that is? We’re telling the major tech companies that they have the obligation to provide for their own power needs,” Trump mentioned.

“We have an old grid,” he continued. “It may by no means deal with the type of numbers, the quantity of electrical energy that’s needed.

President Trump delivers the State of the Union tackle on Tuesday evening. Getty Images

“So I’m telling them, they can build their own plant. They’re going to produce their own electricity. It will ensure the company’s ability to get electricity while at the same time, lowering prices of electricity for you.”

Trump didn’t elaborate on which firms have dedicated to the pledge. The White House is planning to host tech firms in early March to finalize plans, two sources accustomed to the matter instructed Reuters.

OpenAI, Google and different firms on the forefront of the artificial intelligence race have confronted stress in current months over issues that their formidable tasks are straining the power grid and resulting in greater prices for households.

Some corporations, together with Anthropic and Microsoft, have already introduced efforts to cowl electrical energy prices related to powering their AI information facilities.

As Trump spoke, Anthropic’s head of coverage Sarah Heck reiterated that the firm has dedicated to “covering 100% of electricity price increases that consumers face from our data centers.”

Elon Musk, who just lately merged his aerospace company SpaceX with Grok chatbot maker xAI, has mentioned a daring plan to build solar-powered information facilities in space.

An information middle owned by Amazon Web Services, entrance proper, is below construction subsequent to the Susquehanna nuclear power plant in Berwick, Pa., on Jan. 14, 2025. AP

Elsewhere, OpenAI’s Sam Altman acknowledged during a current look at a summit in India that the tech industry would doubtless need to maneuver towards various power sources as demand will increase.

“Not per query, but in total – because the world is using so much AI … and we need to move towards nuclear or wind and solar very quickly,” Altman mentioned.

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CWP (Crypto Work Pro)https://www.cryptoworkpro.net
Hi, I’m a passionate cryptocurrency enthusiast with 10 years of experience in the world of digital currencies. I’ve always been fascinated by blockchain technology and the potential of decentralized finance (DeFi) to reshape the financial landscape. I share insights, tips, and strategies to help others navigate the fast-paced world of crypto.

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