As we went to press today, President Trump was preparing to unveil a pledge aimed at protecting households from having to shoulder the costs associated with upgrading electricity systems in order to provide the power required by data centers and AI. Utilities, developers of data centers, lawmakers and governors were expected to attend the unveiling event.
The outcome of the voluntary pledge and the growing hostility to data center construction in different jurisdictions will be watched by enterprises like Broadcom Inc. (NASDAQ: AVGO) that derive a significant part of their revenue from the solutions they sell to AI data centers. Tech firms need to come up with innovative solutions, such as onsite renewable energy generation, to keep their…
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