President Donald Trump is set to meet with top executives from the tech and energy industries on Tuesday in Pittsburgh, following a wave of major private-sector investments aimed at positioning the United States as the global leader in artificial intelligence and energy production.
The gathering—dubbed the Energy and Innovation Summit—will take place at Carnegie Mellon University and include leaders from Alphabet (Google’s parent company), Meta, Microsoft, Exxon Mobil, and dozens of other corporate giants. President Trump is expected to unveil $90 billion in new investments tied to AI infrastructure, energy development, and workforce training, according to Sen. Dave McCormick (R-PA).
“We are really creating something unique here in Pennsylvania today,” McCormick said. “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 win the AI revolution.”
The announcement comes on the heels of Google’s commitment to invest $25 billion in AI and data center infrastructure across multiple states. In Pennsylvania specifically, Google plans to spend $3 billion to modernize two hydropower plants that will power its AI operations.
Blackstone, one of the largest investment firms in the world, followed up with its own $25 billion pledge to bolster Pennsylvania’s energy grid and infrastructure. The state is quickly becoming the epicenter of America’s AI expansion, in part due to its rich energy resources and proximity to major population centers.
President Trump’s summit also arrives amid rising concerns that America’s power grid is struggling to keep up with soaring energy demand from new AI data centers. PJM Interconnection, the largest grid operator in the country, has warned of energy bottlenecks. In response, the Trump administration is considering an executive order to streamline access to land and grid connections for large-scale AI and energy infrastructure projects.
Tuesday’s summit is the latest move in Trump’s broader economic strategy to reclaim U.S. manufacturing and technological dominance from China. Just this week, Apple announced a $500 million deal with MP Materials to purchase American-made rare earth magnets—a critical step in cutting off reliance on Chinese supply chains.
Trump’s vision, which he has dubbed the “Next Industrial Revolution,” is rapidly gaining momentum, with Pennsylvania at the heart of it. Between energy independence, AI leadership, and rare earth supply chains, the Trump administration is making clear that American innovation and industrial strength are back in full force.