Jul 15, 2025 minute read

President Donald Trump andSen. Dave McCormick (R-PA) will team up in Pittsburgh on Tuesday to announce a $70 billion investment in AI and energy for the state. The push will involve thousands of new jobs for Pennsylvanians.

The annoucement planned for Tuesday will come during the inaugural Pennsylvania Energy and Innovation Summit in Pittsburgh, and will “bring together the world’s top leaders in energy and AI, alongside the biggest global investors, labor and trades leaders, and government officials, to showcase Pennsylvania’s incredible potential to power the AI revolution,” a press release from McCormick’s office stated.

McCormick will be joined by Trump, leaders in energy, and others at Carnegie Mellon University for the announcement. The $70 billion is the “largest investment commitment in these industries in terms of dollars for the state and jobs created in the history of the Commonwealth,” McCormick said, per Axios.

“Anticipated investments include new data centers, new power generation and grid infrastructure to meet surging data center demand, along with AI training programs and apprenticeships for businesses,” a preview of McCormick’s speech adds.

COO of Blackstone, an alternate asset manager, is expected to announce a $25 billion investment into the infrastructure needed for AI, including energy and data centers. It will be expected to spur 6,000 annual jobs in construction and 3,000 permanent jobs.

“President Trump has put together a bold strategy to strengthen and maintain America’s AI and energy dominance,” McCormick told Axios. He added that the summit “is the first of its kind to convene the top CEOs and leaders from energy, AI, labor, and the world’s largest sources of capital, demonstrating that Pennsylvania is ready to lead in the AI and energy revolution.”