Lula: 'People's' electricity cannot power data centers; Redata regulation due in 2 weeks

Brazilian President Lula stated that subsidized electricity for the public should not be diverted to data centers, signaling a policy shift that could raise energy costs for tech infrastructure. He announced regulation of Redata, a program for data center development, within two weeks, creating uncertainty for investors in Brazil's digital economy.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works