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President Donald Trump and U.S. Senator Dave McCormick announced a significant $90 billion investment in energy and artificial intelligence during the Inaugural Pennsylvania Energy and Innovation Summit in Pittsburgh on Tuesday (July 15). The investment aims to bolster Pennsylvania's position as a leader in these sectors.
According to Yahoo Finance, the summit at Carnegie Mellon University brought together executives from major tech and energy companies, including Meta, Microsoft, Alphabet, and Exxon Mobil. The event highlighted Pennsylvania's potential to meet the growing demand for AI, given its status as the nation's second-largest energy producer and a global leader in nuclear power.
Senator McCormick emphasized the state's unique positioning to leverage these investments, stating, "Pennsylvania is retaking its place at the forefront of energy." President Trump echoed this sentiment, underscoring the importance of these investments in maintaining the U.S.'s competitive edge in AI and energy sectors.
The announcement comes as part of broader efforts to position the United States as a global leader in AI technology. The investments are expected to drive innovation and economic growth in Pennsylvania, fostering advancements in both the energy and AI industries.