Billions of dollars for energy and artificial intelligence. Trump has big plans.

Investments by a number of companies will include new data centers, expansion of generation capacity and modernization of network infrastructure, as well as artificial intelligence training programs and internships.

Energy and AI Summit Approaching

The event is expected to be attended by leaders from the AI and energy industries, including up to 60 executives. Among those expected to attend are Larry Fink of BlackRock, Alex Karp of Palantir Technologies, Dario Amodei of Anthropic, Darren Woods of Exxon Mobil, and Mike Wirth of Chevron.

Blackstone's Jon Gray is expected to announce a $25 billion project to develop data centers and energy infrastructure, along with a joint venture to expand energy production, which is expected to create 6,000 construction jobs per year and 3,000 permanent jobs.

Tuesday's announcements mark another step by Trump toward fulfilling his promise to ensure U.S. leadership in artificial intelligence . Since the start of his second term, the president has taken broad action, including securing private sector investment, easing regulations, and speeding up the permitting process for new projects.

Earlier this year, Trump announced a $100 billion investment in AI data centers from SoftBank Group, OpenAI, and Oracle. The administration also lifted restrictions on AI chips put in place under Biden as part of a broader effort to boost American innovation and facilitate access to advanced technologies for U.S. allies.

This is how the US wants to secure an advantage over China in the race for artificial intelligence. China has invested heavily in the emerging technology, and the Chinese startup DeepSeek surprised Wall Street investors in January with its groundbreaking R1 model, which suggested that artificial intelligence could be developed at a much lower cost.

Artificial intelligence requires a lot of energy

Trump and other administration officials also emphasized the importance of addressing another tech industry priority: ensuring the United States has enough energy to run its energy-hungry AI data centers . They argue that adequate electricity supply is closely linked to national security, which is crucial to maintaining the U.S.'s lead over global competitors in the race for AI supremacy.

According to Bloomberg , by 2035, data centers will account for 8.6% of total electricity demand in the US , more than twice the current figure (3.5%).

The Trump administration has said that increasing the use of coal, natural gas, and nuclear energy is essential. It has also warned of future power outages if this fails.

Pentagon awards contracts for AI applications in the military

The Pentagon is beginning to award contracts for the development of artificial intelligence for the military. The Pentagon's Chief Digital and Artificial Intelligence Office (CDAO) announced on Monday that it will award contracts to Google, OpenAI, xAI, and Anthropic PBC. The exact value of the contracts was not disclosed, but Bloomberg reported that each contract would be capped at $200 million.

It is already known that the Pentagon will use the Grok chatbot from Elon Musk's company xAI.

xAI has created a suite of Grok AI products for the US government, dubbed "Grok for Government." Elon Musk's company announced that they are now available for purchase by "any department, agency, or bureau of the federal government."

“Leveraging commercially available solutions within an integrated capabilities approach will accelerate the use of advanced AI across our joint warfighting mission core capabilities, as well as across intelligence, business, and enterprise information systems,” said Doug Matty, head of CDAO.