President Donald Trump is scheduled to meet with top US tech and energy executives on Tuesday at the Energy and Innovation Summit hosted by Carnegie Mellon University in Pennsylvania. The summit is part of the administration’s push to make the United States the global leader in artificial intelligence (AI).
Executives from major firms, including Alphabet (Google’s parent company), Meta, Microsoft, and ExxonMobil, are expected to attend the event. According to Reuters, Trump is expected to use the occasion to announce over $90 billion in AI and energy investments across Pennsylvania.
Senator Dave McCormick of Pennsylvania called the initiative “the next industrial revolution.”
“We are really creating something unique here in Pennsylvania today,” McCormick told CNBC. “There’s never been a gathering of the CEOs of energy investing and artificial intelligence coming together to talk about how we win the energy revolution and also [how] we win the AI revolution.”
McCormick added, “Today, we’ve got about 60 CEOs of the biggest companies in the world, we’ve got commitments of more than $90 billion of investment in data centers, in energy production, in transmission, in distribution, and investing in skilled workers.”
On Tuesday, Google announced a $25 billion investment in data centers and AI infrastructure across several states. The company has also announced $3 billion dedicated to modernizing hydropower plants in Pennsylvania to support AI expansion.
An earlier report by Reuters also suggested that the Trump administration is preparing an executive order to help tech companies more easily connect to power grids and secure land for AI projects
The summit comes amid growing competition with China, which has been expanding its AI capabilities. In January, Trump directed his administration to develop an “AI Action Plan” aimed at reducing regulatory barriers and establishing the US as the world capital of artificial intelligence. That report is due July 23, a date the White House is considering declaring “AI Action Day” to spotlight the industry’s growth.
