A new report co-authored by Sen. Elizabeth Warren argues that major tech firms are misleading the public about the costs and benefits around data center projects.
Big Tech calls AI data centers an economic boom. The Senate investigation suggests a different business model: privatize the profits, socialize the electricity bills, collect tax breaks, and make everyone sign NDAs. A 100 MW facility may power through the equivalent of 100,000 homes while creating about 100 permanent jobs. That’s not a jobs program: it’s a subsidy program with servers.
Big Tech calls AI data centers an economic boom. The Senate investigation suggests a different business model: privatize the profits, socialize the electricity bills, collect tax breaks, and make everyone sign NDAs. A 100 MW facility may power through the equivalent of 100,000 homes while creating about 100 permanent jobs. That’s not a jobs program: it’s a subsidy program with servers.