Top artificial intelligence (AI) executives joined President Donald Trump at the White House on Wednesday to sign a voluntary “Ratepayer Protection Pledge” in hopes of defusing growing public anger over skyrocketing utility bills as data centers sprout across the U.S.

The initiative aims to ensure that the massive energy demands of the AI revolution do not fall on the shoulders of American consumers.

The agreement signed by leaders from Microsoft Corp., OpenAI, Oracle Corp., and Amazon Web Services commits those companies to cover the full cost of the energy infrastructure required for their data centers. This includes funding the construction of new power plants and, where possible, adding extra capacity to the public grid.

The move comes as the administration faces a perfect storm of economic and political pressure. Recent polling shows 65% of voters disapprove of the President’s handling of inflation. Meanwhile, a Whac-a-Mole style of grassroots resistance has emerged across the country, with local communities protesting the rapid buildout of data centers they fear will drain local resources and hike prices.

“People think if a data center goes in, their electricity prices are going to go up,” Trump said during the event. “That’s not going to happen. And for the areas where it did happen, it won’t happen anymore.”

As the administration attempts to bridge the gap between high tech and hammers, the country remains deeply anxious. For many, the fight against data center construction has become a tangible proxy for a much larger, more abstract fear: A future where the ordering of society is handed over to black boxes controlled by the ultra-wealthy.

The event also highlighted a complex web of Silicon Valley alliances. While Trump praised SpaceX President Gwynne Shotwell and AWS CEO Matt Garman, a notable absence was Anthropic. The AI firm was recently placed on a national security blacklist following a dispute with the Pentagon regarding the use of AI in autonomous warfare and domestic surveillance.

The exclusion of Anthropic underscores a growing debate over who controls frontier AI. While the administration has shifted toward an accelerationist stance, in which it recently signing an executive order to limit state-level regulation, critics argue the government is becoming too dependent on a handful of “100-pound brain nerds” and their billionaire backers.

Industry analysts warn the pledge may come at a price. Dan Ives of Wedbush Securities noted that while the move solves a political headache ahead of the midterms, it creates a “significant bottleneck” for tech firms racing to expand their digital footprints.

Environmental groups and skeptics like Jill Tauber of Earthjustice argue that the voluntary nature of the pledge is insufficient. They contend that without federal mandates for clean energy and transparent impact disclosure, the AI gold rush will continue to leave a trail of pollution and economic displacement in its wake.

“With the need for massive computing power taking hold around the world, the data center industry is booming right now; however, the power and water needed to cool the racks and keep them functioning has limited its progress,” said Daren Shumate, founder and managing principal of Shumate Engineering. “Major data center projects backed by the biggest names in tech have resorted to drastic measures to meet this demand, including the construction of high-density data centers that span city blocks and recommissioning nuclear power plants, but our cooling design manages to use half of the power and less than 10 percent of the water compared to traditional data centers – offering a massive savings of natural resources and billions of dollars in costs.”