Trump will announce a $700 billion investment in artificial intelligence and energy, advocating for the expansion of coal, natural gas, and nuclear power supplies.

President Trump will announce a $700 billion investment plan in artificial intelligence and energy sectors in the suburbs of Pittsburgh, Pennsylvania this Tuesday. According to a government official who wished to remain anonymous, the investment will involve the construction of data centers, upgrades to power infrastructure, AI talent training, and apprentice programs. Support from multiple private companies will also help drive the strategy forward. The investment plan includes the construction of several new data centers, expansion of power production, and modernization of electricity grid infrastructure, as well as AI training courses and technical apprenticeship programs, aiming to create a talent ecosystem with abundant energy and cutting-edge technology. Trump will be attending the event alongside Republican Senator David McCormick, who will also be hosting the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. It is expected that up to 60 executives from the energy and AI sectors will attend, including BlackRock, Inc. (BLK.US) CEO Larry Fink, Palantir (PLTR.US) CEO Alex Karp, Anthropic co-founder Dario Amodei, Exxon Mobil Corporation (XOM.US) CEO Darren Woods, and Chevron Corporation (CVX.US) CEO Mike Wirth. The investment announced this time is the latest action taken by Trump in his second term to fulfill his commitment to "ensure that the United States leads globally in the field of AI." Since taking office, he has implemented various strategies such as relaxing regulations, speeding up permit approvals, and attracting private sector capital to actively promote American technological innovation. Earlier this year, Trump announced a $1 trillion investment in AI data centers involving tech giants such as SoftBank, OpenAI, and Oracle Corporation (ORCL.US). At the same time, his government lifted restrictions on the export of AI chips that were put in place during the Biden administration, aiming to enhance the technological capabilities of allies and counter technology "decoupling." To secure the energy infrastructure, the Trump administration advocates for the restoration and expansion of coal, natural gas, and nuclear power, believing that these are crucial to prevent future power shortages and interruptions in AI system operations. The U.S. Energy Corp. has already utilized emergency authorizations to delay the shutdown of two power plants that were supposed to close, and has indicated that there may be more federal interventions in the future.