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President Trump shakes hands with tech CEOs signing the Ratepayer Protection Pledge at the White House, with AI data centers symbolized in the background.
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Tech giants sign White House pledge to cover AI data center power costs amid backlash

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On March 4, 2026, leading tech firms including Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI signed the non-binding Ratepayer Protection Pledge at the White House, committing to fund new power generation and infrastructure for AI data centers to shield consumers from rising electricity bills. President Trump hailed it as a 'historic win,' but critics question its enforceability amid growing environmental and economic concerns.

Meta has agreed to fund seven new natural gas power plants and extensive energy infrastructure to support its largest data center under construction in Richland Parish, Louisiana. The deal with Entergy Louisiana includes 240 miles of transmission lines and battery storage, as reported by the Wall Street Journal. This follows a non-binding pledge by tech companies to cover power costs for AI data centers.

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Documents indicate Google plans to operate one of the largest data centers in the United States in southeast Nebraska, powered by a Tenaska natural gas plant that could generate up to 3,000 megawatts. The project, which may incorporate carbon capture technology, hinges on a state bill allowing private power plants to connect to the public grid. Tenaska has secured options on over 2,600 acres for the site.

An unusual 88-core processor from AMD has surfaced for sale on eBay, suggesting significant changes in data center hardware practices among major cloud operators. These units reportedly processed real workloads prior to decommissioning.

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A prolonged downturn in cryptocurrency has rendered Bitcoin mining unprofitable for many operators, leading them to repurpose their energy-intensive infrastructure for artificial intelligence applications. Companies like IREN Ltd. are betting on the growing demand for AI data centers. This pivot highlights the overlapping needs of crypto mining and AI computing.

Cooling a single Nvidia Blackwell Ultra NVL72 rack requires $50,000, equivalent to the price of a Tesla Model Y. This highlights the escalating thermal demands of next-generation AI hardware. Costs are projected to rise further with upcoming racks.

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Microsoft, Alphabet, Meta, and Amazon are pouring tens of billions into data centers, driving US economic growth through AI infrastructure. Their combined 2025 capital expenditures are projected at roughly $370 billion, with expectations of further increases in 2026. Microsoft led spending last quarter with nearly $35 billion, equaling 45 percent of its revenue.

 

 

 

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