David Sacks

I think, Trivath, to your point, this is the reason behind a lot of the opposition to new data centers is that...

I think, Trivath, to your point, this is the reason behind a lot of the opposition to new data centers is that...

the local residents fear that their electricity prices are going to go up.

the local residents fear that their electricity prices are going to go up.

And that shouldn't be the case.

And that shouldn't be the case.

And so the president has said that he's committed to not allowing residential rates to go up as a result of data centers.

And so the president has said that he's committed to not allowing residential rates to go up as a result of data centers.

It's pretty straightforward.

It's pretty straightforward.

You get the big tech companies, the hyperscalers to pay for the increase in the electricity costs, or you let them set up their own power behind the meter.

You get the big tech companies, the hyperscalers to pay for the increase in the electricity costs, or you let them set up their own power behind the meter.

The president's been talking about this for over a year, that our biggest AI companies would also become big power companies because we had let them

The president's been talking about this for over a year, that our biggest AI companies would also become big power companies because we had let them

stand up their own power generation behind the meter.

stand up their own power generation behind the meter.

So these data centers don't even have to connect to the grid.

So these data centers don't even have to connect to the grid.

They could just do co-location themselves.

They could just do co-location themselves.