President Trump and many leaders of the country’s largest technological and energy companies announced more than $ 90 billion in new investments on private companies in Pennsylvania on Tuesday.
Mr. Trump, who spoke for about 30 minutes during a round table at the Inaugural Pennsylvania Energy and Innovation Summit has Carnegie Mellon Universitysaid that 20 “main technology and energy companies” will invest in Pennsylvania to develop a new economy of artificial intelligence, capitalizing on the technological and energy assets of Pennsylvania.
Credit: Andrew Caballero-Reynolds / AFP via Getty Images
“We are back in Pittsburgh to announce the largest investment set in the history of the Pennsylvania Commonwealth,” Trump said on Tuesday.
Among the projects, there will be the construction of data centers to help provide the huge amounts of energy necessary to supply AI, and an energy innovation center to train workers from the Pittsburgh region in energy and AI jobs.
The event was organized by the American Republican Senator Dave McCormick, who said that the Pittsburgh region was only well placed to marry its technological know-how with its vast energy resources in natural gas and nuclear to create a new IA economy. He said investments will bring “tens of thousands of jobs” to Pennsylvania.
“Our vision of this event came from the realization of the crucial link between artificial intelligence and energy, but never before the leaders of all these companies, as well as the main investors, met,” said McCormick on Tuesday.
Trump stressed Westinghouse, saying that the company based in Pennsylvania should build 10 nuclear reactors across the country. He also praised his involvement in the consumption of a $ 14 billion in partnership between Nippon Steel and US Steelwhich, according to him, will revitalize the MON valley.
Trump said the investment announced on Tuesday would cause AI development in the region.
“We are building a future where American workers will forge steel, will produce energy, build factories and will really direct a country like, I believe, this country has never been managed before. I think we have a real golden age for America,” said Trump. “We have shown it, and it is really the hottest country in the world. I am honored to be in Pennsylvania, and I am honored to be in Pittsburgh, and you will see a real action here.”
The organizers hope that the investment brand is only the beginning of the hope of taking advantage of the summit to accelerate energy production, build more data centers and generate new IA companies in the Pittbsurgh region – making the region the center of AI in the country.
“We have phenomenal technological resources within our universities systems,” the CEO of PNC Financial Services Group, Bill Demchak said on Tuesday. “We have an abundance of energy, we have Westinghouse in the region. We have the availability of work and we have a huge need because we see the transformation that AI provokes.”
The event occurred after the announcement of Amazon in June of an investment of $ 20 billion in data centers in Pennsylvania, the largest economic development project in state history.
The main political and industry leaders in Pittsburgh
Several members of the president’s cabinet joined him at the top.
Commerce secretary Howard Lunick, Interior Secretary Doug Burgum, Energy Secretary Chris Wright, EPA Lee Zeldin administrator and the White House AI and Crypto-Tsar David Sacks were among Trump administration officials listed as participants at the top.
Governor Josh Shapiro, a democrat, was also present. He participated in a panel on major investments in Pennsylvania, moderate by the president of the University of Penn State, Dr Neeli Bendapudi.
Industry leaders such as the president and chief executive officer of Alphabet Ruth Porat, CEO of Anthropic Dario Amodei, President and Chief Executive Officer of Blackstone, Jon Gray, the founder and CEO of Gecko Robotics, Jake Loosararian, President and CEO of EQT, Toby Rice, and CEO of Amazon Web were also listed as participants in the panel.
Trump’s visit to Pittsburgh receives discharge
Mr. Trump’s visit was not without hindsightAs evidenced by the CMU campus, where signs painted with the words “protest against the summit” were seen on the fence.
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This feeling on the fence of the CMU was also published on social networks, in the words of the activists, “call students and the community of Pittsburgh to oppose fossil fuels, to AI for surveillance and authoritarianism”.
The defenders, who bordered the streets in certain parts of the city, said that the summit favors the interests of businesses on sustainability and ethics.
“I believe that we should focus more on renewable energies, green energy. Simple oil and gas is not the way to the future,” said Zach Zoulias de Plum. “I am not saying to get rid of it completely. It is important for Pennsylvania, it is important for the country. But we have to look to the future, not the past.”
