Skip to playerSkip to main content
  • 9 hours ago
Bernie Sanders and other Democratic senators are pressing the White House for answers on rising electric bills, blaming the surge in AI data-center expansion. They argue that communities are being forced to compete with trillion-dollar tech companies for power and want firms to pay more of the cost.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:03Senator Bernie Sanders and several Democratic senators pressed the White House to explain
00:07rising electric bills they linked to the artificial intelligence boom and its massive
00:12data center expansion, according to The Wall Street Journal. In a letter to the administration
00:16and Commerce Secretary Howard Lutnick, they warned that Americans are being forced into
00:21bidding wars with trillion-dollar companies to keep the lights on. The group criticized Trump's
00:26policy of fast-tracking data center projects by major firms, including Meta, OpenAI, Alphabet,
00:32and Oracle. Local opposition to tax-subsidized, power-hungry data centers is growing, as rising
00:39electric bills helped Democrats win recent elections in New Jersey, Virginia, and Georgia.
00:43The lawmakers argued that tech companies should pay their fair share as data centers
00:47drive up energy demand and strain grids nationwide. For all things money, visit Benzinga.com.
Be the first to comment
Add your comment

Recommended