Trump Touts Over $90B In Fresh AI, Energy Investment In Pennsylvania

President Donald Trump championed over $90 billion in fresh energy and artificial intelligence investments in Pennsylvania on Tuesday.

Trump led the inaugural Pennsylvania Energy & Innovation Summit, accompanied by top tech and energy leaders, as well as Sen. Dave McCormick (R-PA) and members of his Cabinet.

“This afternoon, 20 leading technology and energy companies are announcing more than $92 billion of investments in Pennsylvania,” said Trump. “This is a really triumphant day for the people of the commonwealth and for the United States of America.”

“The investments being announced this afternoon include more than $56 billion dollars in new energy infrastructure, and more than $36 billion dollars in new data center projects. And a lot more than that are going to be announced in the coming weeks,” he said.

The Trump administration has prioritized the development of both AI and energy in a bid to lead the world in the advance of the next major technological breakthrough. The administration has placed special emphasis on the need to compete with China in AI development.

“We’re here today because we believe that America’s destiny is to dominate every industry and be the first in every technology, and that includes being the world’s number one superpower in artificial intelligence,” the president said.

“We are way ahead of China,” he added. “I have to say we’re way ahead of China, and the plants are starting up, the construction is starting up.”

The tens of billions in investments to pour into the Keystone State include a $25 billion commitment from Blackstone Inc. Blackstone plans to build AI centers, as well as energy infrastructure to help power those centers.

“What makes us so excited about this area is that you can co-locate the data centers next to the source of power,” Blackstone President Jon Gray said Tuesday, according to Bloomberg. “The special sauce here is putting these together, because building transmission lines, pipelines — that’s really difficult.”

The Trump administration has leaned hard into increasing fossil fuel energy production in the United States to keep pace with the surging power demand of expanding AI centers. Data centers have increased the pressure on the United States’ already strained grid.

The Energy Department released a report earlier this month warning “that blackouts could increase by 100 times in 2030 if the U.S. continues to shutter reliable power sources and fails to add additional firm capacity.”