US President Trump pitches dividends from AI data centres

US President Donald Trump said that technology companies building large data centres should share their financial gains directly with host communities floating bonuses for teachers and dividends for local residentsTrump made the proposal after meeting about 40 leaders from the technology industry at the White House The executives also signed a voluntary accord governing the development of advanced artificial intelligence which the administration now calls ldquoSuper Intelligencerdquo or SIThe President said companies should form partnerships with the towns and counties where they construct the vast facilities needed to train and operate advanced computing systemsldquoThe companies will be very generous to them both financially and otherwiserdquo Trump said ldquoI think theyll help with their schools theyll help with their teachers theyll help with pay of the teachersrdquoHe did not announce a formal programme funding requirement or mechanism for distributing the proposed benefitsTrump later suggested that payments could go directly to people living near the facilitiesldquoThe people are going to benefit directlyrdquo he said ldquoWhether its teachers that get paid a bonus whether its people that live in the community that get paid a dividend you could call it a dividend because the dividend sounds rightrdquoThe President said the companies had discussed community concerns during the White House meeting He argued that data centres could generate tax revenue raise local incomes and increase property valuesldquoTheyre going to be forming partnerships with communities when they open up data centersrdquo Trump saidThe rapid construction of such facilities has also produced opposition in parts of the United States Residents and local officials have raised questions about electricity consumption water use land requirements noise and the effect on household utility billsTrump acknowledged concerns about where projects were being placed but said the United States must continue building the infrastructure needed to compete with ChinaldquoFrankly I want them built in Americardquo he saidldquoIf were not smart theyll end up building data centers in other countries and those other countries will make a fortune and we wontrdquo Trump addedThe White House said Trump also signed an executive order directing executivebranch departments and agencies to replace the terms ldquoArtificial Intelligencerdquo and ldquoAIrdquo with ldquoSuper Intelligencerdquo and ldquoSIrdquo in official communications and nonstatutory documentsThe order directed the White House science and technology adviser to propose a federal definition of the new term and identify any additional executive action needed to implement itAccording to a White House fact sheet the federal government has announced more than 5 billion for the Genesis Mission The programme is intended to use advanced computing to accelerate scientific medical energy and manufacturing researchThe administration said its technology policy also rested on the AI Action Plan released in July 2025 and a National Super Intelligence Policy Framework unveiled in March 2026 It presented the datacentre buildout as essential to US economic growth and national securityData centres require large and reliable electricity supplies because thousands of highperformance chips must operate continuously and be kept cool The growth of generative AI has accelerated demand for new facilities transmission networks powergeneration capacity and cooling systemsIndia is also experiencing rapid growth in cloud computing and datacentre investment driven by digital services datalocalisation requirements and demand for AI infrastructure The US debate over energy costs water use and benefits for host communities therefore carries wider relevance as countries compete to expand domestic computing capacityThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever