Trump to Make Bold $70 Billion Investment in AI and Energy
Donald Trump, President of the United States, is set to announce a $70 billion (approximately 97 trillion won) investment plan in artificial intelligence (AI) and energy, according to reports by Bloomberg and U.S. online media outlet Axios on the 14th (local time).
According to officials from the Trump administration, President Trump will unveil this plan at the Pennsylvania Energy and Innovation Summit, which will be held at Carnegie Mellon University in Pennsylvania on the 15th. The plan includes investments in the construction of new data centers, expansion of power generation facilities, upgrades to power grid infrastructure, and AI education programs.
The event is expected to be attended by major figures from the investment, AI, and energy industries, including Larry Fink, Chairman of BlackRock; Alex Karp, founder of Palantir; Dario Amodei, CEO of Anthropic; Darren Woods, CEO of ExxonMobil; and Mike Wirth, CEO of Chevron.
John Gray, President and Chief Operating Officer (COO) of Blackstone, is expected to announce a $25 billion project for the development of data centers and energy infrastructure, as well as a joint investment to expand power production, according to Republican Senator David McCormick's office. The plan aims to create 6,000 annual construction jobs and 3,000 permanent jobs.
With Chinese AI companies such as DeepSeek rapidly catching up to the United States, President Trump is accelerating efforts to solidify U.S. leadership in the AI sector. Shortly after taking office in January, he announced a new $500 billion AI investment plan with Japan's SoftBank, OpenAI, and Oracle. He has also eased regulations by eliminating the three-stage AI chip restrictions implemented by the previous Joe Biden administration and simplifying licensing procedures. Through these measures, he aims to significantly outpace China in the AI field.
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In particular, the Trump administration believes that securing sufficient power supply is essential to support the spread of AI. This is why leading U.S. oil giants are participating in the event. Power supply is closely linked to national security, and, according to Bloomberg, the administration holds the view that expanding coal-fired, natural gas, and nuclear power generation is necessary to operate energy-intensive AI data centers. According to Bloomberg NEF, data centers currently account for 3.5% of total U.S. electricity demand. By 2035, this share is expected to more than double to 8.6%.
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