President Donald Trump and Sen. Dave McCormick (R-PA) are expected to highlight more than $70 billion in planned investments in technology, energy, and artificial intelligence during an upcoming summit in Pennsylvania. The announcements are scheduled to take place at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh.
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McCormick said Pennsylvania is positioned to play a leading role in AI development due to its energy resources, universities, and workforce. Organizers describe the gathering as a first-of-its-kind event focused on expanding AI infrastructure, strengthening domestic energy production, and supporting workforce training programs. According to previews shared with media outlets, anticipated investments include new data centers, expanded power generation, grid upgrades, and AI-related training and apprenticeship initiatives.
Among the major announcements expected is a reported $25 billion investment from Blackstone aimed at developing data center and energy infrastructure projects in Northeast Pennsylvania. Organizers say the broader slate of projects could generate thousands of permanent and construction jobs, though final details are expected to be released during the event.
The summit is also set to draw executives from leading energy, finance, and technology firms, along with senior administration officials. The event will focus on national security considerations related to AI development and efforts to expand domestic energy capacity to meet growing data demands. Organizers describe the planned commitments as one of the largest coordinated investment efforts in these sectors in Pennsylvania’s history.[/read]