President Donald Trump 's pledge to expedite permits for data centers, which is aimed at luring tech billionaires and supercharging the country's artificial intelligence (AI) industry, could lead to higher electricity bills and mortgage rates for homeowners, experts and industry leaders have warned.

Why It Matters

Energy-intensive data centers are multiplying across the country to keep pace with AI-driven technology. While this could accelerate tech sector growth, it may strain utilities and housing costs for millions of Americans.

Residential electricity prices have surged in states with heavy tech investment. In Utah and Illinois, costs have jumped by 15 percent and 14 percent respectively as of June, according to the U.S. Energy Information Administration (EIA).

Meanwhile, the ave

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