Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI will go to the White House on March 4 to meet President Donald Trump and sign a Rate Payer Protection Pledge, Fox News reported. The pledge says new AI data centers must come with new power that the companies provide,

President Donald Trump to meet Amazon, Meta, Microsoft, Alphabet, OpenAI, Oracle, xAI at the White House for data centre electricity pledges.

The president said he negotiated a deal with tech giants to cover the energy costs of centres, but offered few details. Now he’s asking them to sign pledges.

The president will hold a meeting with representatives of firms including Amazon.com, Meta Platforms, Microsoft Corp. and Google parent Alphabet Inc on March 4

Data centers powering artificial intelligence have strained the electrical grid and driven utility costs higher for consumers.

Global debt just hit a record $348 trillion after its fastest annual surge since the pandemic. In Washington, President Donald Trump is lining up Amazon, Google and Meta over who foots the bill for data centre power.

Trump’s first major AI policy move will likely be to repeal President Joe Biden’s Executive Order on AI. The sweeping order, signed in October 2023, sought to address threats the technology could pose to civil rights, privacy, and national security, while promoting innovation, competition, and the use of AI for public services.

Meanwhile, Novo Nordisk ignited a pricing battle in the US obesity and diabetes market, and Bitcoin faces renewed pressure as traders weigh tariff risks and shifting sentiment.