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U.S. senators are probing whether Big Tech data centers are driving up local electricity bills by socializing grid upgrade costs onto residents. Some of the tactics they’re using include NDAs, shell companies, and lobbying. Ars Technica reports: In letters (PDF) to seven AI firms, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Richard Blumenthal (D-Conn.) cited a study estimating that “electricity prices have increased by as much as 267 percent in the…
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U.S. senators are probing whether Big Tech data centers are driving up local electricity bills by socializing grid upgrade costs onto residents. Some of the tactics they’re using include NDAs, shell companies, and lobbying. Ars Technica reports: In letters (PDF) to seven AI firms, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Richard Blumenthal (D-Conn.) cited a study estimating that “electricity prices have increased by as much as 267 percent in the…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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