Some of the big US investments being made in AI and energy
Alphabet (GOOGL.O), opens new tab-owned Google has struck a $3 billion deal with Brookfield Asset Management for electricity generated from two hydropower facilities in Pennsylvania. The tech giant will also invest $25 billion in data centers across Pennsylvania and neighboring states over the next two years, Semafor reported on Tuesday.
Asset management firm Blackstone (BX.N), opens new tab plans a $25 billion investment in data centers and energy infrastructure in Pennsylvania, its President and Chief Operating Officer Jon Gray told a panel at the summit.
On Monday Meta Platforms (META.O), opens new tab Chief Executive Mark Zuckerberg said his company would spend hundreds of billions of dollars to build several massive AI data centers, including a multi-gigawatt data center dubbed Prometheus, which is planned for Ohio.
Cloud infrastructure technology company CoreWeave (CRWV.O), opens new tab plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, the company said on Tuesday.
The pledges come amid a surge in investments for AI startups, a sign that the field continues to thrive even as venture capital firms are struggling to raise money, a report from PitchBook on Tuesday showed.
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