$92bn Trump plans to boost AI Tech and power needs

Washington: U.S President Donald Trump announced a substantial $92 billion initiative aimed at bolstering the United States’ energy capacity to support the rapid expansion of artificial intelligence technologies.

Making the announcement at the Pennsylvania Energy and Innovation Summit held at Carnegie Mellon University, Trump emphasized the nation’s strategic goal to outpace China in the global AI race.

The groundbreaking investment aims to fund new energy projects, enhance existing infrastructure, and ensure the country’s electricity grid can handle the increased demand driven by AI advancements.

“Today’s announcement is about shaping the future — ensuring that innovation, development, and opportunity are rooted right here in Pennsylvania, right here in Pittsburgh, and ultimately, right here in the United States,” Trump declared during his speech.

As generative AI continues to gain momentum, industry experts warn that current power grids may not be sufficient to meet the immense energy requirements of this technology. AI workloads depend heavily on high-performance processors from companies like Nvidia, which are known for their energy-intensive operations.

Projections indicate that by 2028, data centers supporting AI could consume up to five gigawatts of electricity — enough to power around five million homes. This surge underscores the urgent need for infrastructure upgrades.

Representatives from industry leaders such as Palantir, DeepAI, Exxon, and Chevron attended the summit, highlighting the broad interest in securing the energy foundation for AI development.

Funding from the initiative will be directed toward constructing new data centers, expanding power generation capacity, upgrading electrical grid systems, and fostering AI training and apprenticeship programs to develop a skilled workforce for the future.