Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

‘Pay dividend to community’: Donald Trump tells companies as backlash against data centers grows across US

Donald Trump suggested data center companies pay local communities a dividend to build support for their projects, which face resistance over concerns about demands on water and electricity. He also said large data centers must generate their own power and return or sell surplus to the community.

‘Pay dividend to community’: Donald Trump tells companies as backlash against data centers grows across US

Former US President Donald Trump has proposed that companies building data centers should share a "dividend" with the local community to boost public support. In a post on social media platform Truth Social, Trump highlighted instances where unpopular data centers transformed into community favorites once financial agreements were reached.

"If companies want to make their Data Centers popular, pay the community, and/or individuals within the community a 'dividend,'" Trump stated. The remarks come amid growing opposition to new data centers in the US, as local communities express concerns about potential depletion of resources like water and electricity for AI infrastructure development.

Trump also emphasized that existing large data centers have been required to generate their own power and share any surplus with their local communities or the broader electrical grid.

Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at livemint.com →

More in Finance & Markets

U.K. Inflation Jumps Again on Energy Costs

Inflation rose further above the Bank of England’s target as policymakers prepare for a meeting that investors expect will yield a first rate rise since the start of the war between the U.S. and Iran.

More from Wednesday 21 October →