A wave of high-profile investment pledges in artificial intelligence (AI) and energy infrastructure was unveiled during the Energy and Innovation Summit at Carnegie Mellon University, as President Donald Trump seeks to cement the United States’ dominance in emerging technologies.
According to Reuters, the event is expected to bring roughly $90 billion in investments to Pennsylvania and surrounding regions. Among the biggest announcements was Google’s $3 billion agreement with Brookfield Asset Management for hydropower electricity in Pennsylvania, alongside a $25 billion commitment to expand its data center footprint across the region over the next two years.
Asset management giant Blackstone also declared a $25 billion investment focused on energy and data center infrastructure in Pennsylvania. The firm is launching a joint venture with utility company PPL Corp to bolster power generation capabilities.
FirstEnergy pledged $15 billion to enhance grid infrastructure and power distribution across 56 counties in the state, while Constellation Energy will allocate $2.4 billion to upgrade its Limerick nuclear power plant.
On Monday, Meta CEO Mark Zuckerberg revealed plans to invest hundreds of billions of dollars into AI infrastructure, including a multi-gigawatt data center project in Ohio dubbed “Prometheus.”
CoreWeave, a cloud infrastructure firm, announced a separate $6 billion plan to build an AI data center in Pennsylvania. Additionally, Energy Capital Partners will develop a $5 billion facility at the York II Energy Center.
The surge in capital comes amid robust investor interest in AI, even as traditional venture funding tightens. A PitchBook report released Tuesday underscored AI’s sustained momentum, despite broader economic pressures.
The summit showcased a coordinated private sector push to keep the U.S. at the forefront of global tech development. It aligned with Trump’s broader national strategy on innovation and energy independence.
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