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Trump, McCormick to unveil $70B AI and energy investments at Pittsburgh summit
Trump, McCormick to unveil $70B AI and energy investments at Pittsburgh summit
Trump, McCormick to unveil $70B AI and energy investments at Pittsburgh summit

Published on: 07/15/2025

Description

WASHINGTON (TNND) — President Donald Trump will join Pennsylvania Sen. Dave McCormick on Tuesday at the Energy Innovation Summit to announce $70 billion in AI and energy investments in the state.

The inaugural summit will take place at Carnegie Mellon University in Pittsburgh, a prestigious engineering school, to "spotlight incredible investments that will fuel good-paying jobs, energy independence, and the AI revolution," according to McCormick.

"The Pennsylvania Energy and Innovation Summit will align the leading energy companies, the most innovative AI platforms, global investors, and labor and trades behind President Trump's agenda to unleash American energy potential," McCormick said in a statement ahead of the summit. "Together, we can usher in a new age of energy production and power the AI and technological revolution. I am grateful to President Trump for announcing he will join us in Pittsburgh."

Trump has repeatedly pledged U.S. “energy dominance” in the global market, and Pennsylvania — a swing state critical to his wins in 2016 and 2024 — is at the forefront of that agenda, in large part due to its coal industry that the Republican administration has taken several steps to bolster.

The list of participating CEOs includes leaders from global behemoths like Blackstone, SoftBank, Amazon Web Services, BlackRock and ExxonMobil and local companies such as the Pittsburgh-based Gecko Robotics, which deploys AI to bolster energy capacity. Gov. Josh Shapiro, a Democrat, will also attend.

Organizers told Axios that Blackstone President and COO Jon Gray is expected to announce a $25 billion investment in data-center and energy infrastructure development along with a joint venture for increased power generation. The project should bring 6,000 construction jobs annually, plus 3,000 permanent jobs.

In May, Trump approved a deal for Nippon Steel to buy U.S. steel for almost $15 billion, describing the partnership as the "largest investment in the history of the Commonwealth of Pennsylvania."

"US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh. For many years, the name, 'United States Steel' was synonymous with Greatness, and now, it will be again," Trump said.

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Editor's note: The Associated Press contributed to this article.

News Source : https://wfxl.com/news/nation-world/president-donald-trump-senator-dave-mccormick-to-unveil-70-billion-dollars-artificial-intelligence-and-energy-investments-at-pittsburgh-summit-carnegie-mellon-university-nippon-steel-deal

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