Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Trump says companies should pay 'dividend' to communities to make data centres popular

WASHINGTON: US President Donald Trump said on Wednesday that companies building data centres should pay a “dividend” to the communities where they are sited if they want to make the developments popular.

Trump says companies should pay 'dividend' to communities to make data centres popular

US President Donald Trump stated on Wednesday that data centre builders should provide financial dividends to communities hosting these facilities. In a Truth Social post, Trump explained that when a company makes a financial arrangement with a community, unpopular data centres can become extremely well-received. The issue of data centres has become politically contentious, as these facilities consume large amounts of water and power, sparking opposition from voters of various political backgrounds.

Recognizing this, the Trump administration has emphasized AI development to keep pace with China, with officials noting the evolving voter reaction. Trump's administration has mandated that new and large data centres must generate their own electricity and either generate revenue by selling excess power to the community or grid.

Trump urged tech companies to build their own power plants to shield consumers from rising energy costs. Recently, AI pioneers like Anthropic and Elon Musk have proposed plans to distribute some profits to the public good, with Anthropic committing to allocate 5% of its shares and Musk pledging a SpaceX share for every child in America.

Written by urgent.news from New Straits Times'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 nst.com.my →

More in Finance & Markets

SNB Nine-Month Profit Rises 4.6% to 19.5B SAR

Riyadh, Saudi Arabia — The Saudi National Bank (SNB) posted net profit attributable to shareholders of 19.479 billion SAR for the nine months ending September 30, 2026, up 4.6% from 18.628 billion SAR…

  • SNB's nine-month profit rises 4.6% to 19.5 billion SAR
  • Higher operating income and reduced credit losses boost earnings
  • Profit declines 2.4% quarter-over-quarter due to lower gains

More from Wednesday 21 October →