Trump Wants Big Tech to Pay for Power | Bloomberg Tech 1/16/2026
The Trump administration and several states have proposed a plan to have tech companies, particularly those with energy-intensive AI data centers, pay for the surging energy prices. This move is aimed at addressing the strain on the power grid caused by the growing demand for computing power. Additionally, the AI coding startup Replit is nearing a $9 billion valuation in a new funding round, highlighting the continued investor interest in AI-related technologies. Furthermore, the Chairman of the Federal Trade Commission, Andrew Ferguson, has discussed topics such as acquihires, consumer protection, and the regulation of AI. These discussions suggest an ongoing effort to address the challenges and implications of the rapidly evolving technology landscape.
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