Trump creates energy council to power AI race

US President Donald Trump signed an executive order on Friday creating a "National Energy Dominance Council" that will be tasked with helping meet the vast electric power needs to win the AI race.

  According to the White House, the council will coordinate energy policy across federal agencies and streamline permitting, production and distribution of various energy resources.

The aim is also to counter potential rising costs from Trump's trade wars that could see energy prices increase once energy imports or US exports were slapped with tariffs. By as soon as 2028, officials expect that tech companies will have AI training energy needs of as much as five gigawatts, enough to power roughly 5 million homes.