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.”
