Factbox-Some of the big US investments being made in AI and energy
Alphabet-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 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 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 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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