President Donald Trump helped announce more than $90 billion in investments in AI and energy at an event in Pennsylvania on Tuesday.
Among those investments include some multi-billion dollar commitments from Google. The company is planning to invest $25 billion to build data centers and AI infrastructure for the electric grid in the eastern US region, according to CNBC, and the company has signed a $3 billion US hydropower deal with Brookfield Asset Management, Reuters reports.
CoreWeave, a cloud computing company, announced plans to invest more than $6 billion to build a new data center “to power the most cutting-edge AI use cases” in Pennsylvania. Meta will invest $2.5 million to “support startups in rural Pennsylvania communities in addition to community accelerator training for small businesses,” according to a fact sheet. Anthropic will commit $1 million over three years to support a program that provides cybersecurity education and an additional $1 million over three years to “support energy research at Carnegie Mellon University.”
The commitments included investments from some gas companies, too. Enbridge plans to invest $1 billion to “expand” its gas pipelines “into Pennsylvania,” per the fact sheet. Equinor is investing $1.6 billion to “boost natural gas production at Equinor’s Pennsylvania facilities and explore opportunities to link gas to flexible power generation for data centers.”
The investments were announced as part of the “inaugural” Pennsylvania Energy and Innovation Summit. Pennsylvania is a leading gas-producing state and an epicenter of the fracking boom in the US. Trump repeated calls to “drill, baby, drill” during the event.
