Trump to Announce $70 Billion Push Into AI and Energy at Pittsburgh Summit

President Donald Trump will unveil a $70 billion AI‑and‑energy investment blitz on Tuesday, headlining the first Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. Flanked by Blackstone’s Jon Gray, Palantir’s Alex Karp, and Chevron’s Mike Wirth, Trump plans to pitch the package as a “moonshot for American infrastructure,” aimed at cementing U.S. dominance in both compute power and cleaner generation capacity.

According to administration officials, the money comes from a mix of federal incentives and private‑sector capital. Roughly $25 billion is earmarked for hyperscale data centers that will run frontier AI models; another $30 billion targets high‑voltage transmission lines, modular nuclear pilots, and large‑scale battery storage. The balance funds university research hubs and workforce programs designed to churn out 200,000 new AI and energy technicians over the next decade.

Wall Street cheered the leaks, nudging utilities and chipmakers higher in pre‑market trading, while climate advocates offered cautious praise for the grid components. Democrats questioned the plan’s financing details, but Pennsylvania Senator Dave McCormick—co‑host of the event—called it “the biggest jobs catalyst this region has seen since steel.” Final appropriations, aides say, will be sent to Congress before the August recess.