Trump announces a private investment of 92,000 million dollars in energy and innovation to give the battle of AI to China | Economy

by Andrea
0 comments

The world leadership race of artificial intelligence (AI) is decidedly played in American field, with China as the antagonist to beat, even if it is not named. Hours after Openai, Google de Alphabet, Anthropic and XAI, Elon Musk’s company, obtained contracts of up to 200 million dollars each, to promote advanced artificial intelligence capabilities in the United States Department of Defense, President Donald Trump announced on Tuesday an investment of 92,000 million dollars in artificial intelligence (AI) and data centers in data centers Pennsylvania, by the hand of large companies and technology such as Google or Blackstone.

During a summit on innovation and energy held in Pittsburgh, the president broken down the total among the more than 56,000 million dollars destined for new energy infrastructure and a project of 36,000 million to build new data centers. “In the coming weeks I will announce much more than this,” he said, personally pointing out a bet that will leave the coffers of private companies.

“I think we are in a true golden age for the US,” he said, in reference to the acquaintance Gilded Age of the great industrialists of the railroad and the steel of the late nineteenth century that forged the modern country. “They will see real action here, so prepare. Many jobs, a lot of success,” he said during the summit, in which he was accompanied by those responsible for the main companies of the branch, such as Meta, Anthropic, Blackrock, Exxon Mobil and Amazon Web Services. The future that these projects represent “will be built here, in Pennsylvania, in Pittsburgh, and by extension in the United States of America.”

The 92,000 million dollars are the sum of the multiple investments that have been announced during the summit, including one of Google, which will allocate more than 3,000 million to the largest hydroelectric agreement in the country with the Brookfield Asset Management company. Google will modernize two hydroelectric plants of this company in Pennsylvania as part of some initial energy purchase agreements at 20 years, which will provide up to 3,000 megawatts to feed your data centers.

At the same time, Google and Blackstone also announced the investment of 50,000 million dollars, 25,000 million each, in artificial intelligence centers (AI) and Energy in Pennsylvania and neighboring states. The funds will serve to finance “new data centers, a new generation of energy and network infrastructure”, according to sources of the Summit organization, as well as training programs for companies. Why the combination of AI and energy in the statement of the call? Because, to feed the demanding data centers that the greats of the technology plan to build, they will need energy in abundance.

That is, “critical infrastructure”, generating quality jobs and fed by universities “that promote innovation and strategic proximity to more than half of the population of the country”, according to the Republican senator by Pennsilvania Dave McCormick, which has seconded to Trump in the Pittsburgh event, to “boost a new era of industrial growth in which the USA dominates the energy”. This growth intends to revitalize industrial areas and abandoned in the years of relocation. One of the projects will be developed in Aliquippa, in its day a steel epicenter of the depouperated Ohio Valley.

The great announcement coincides with the resumption of sales to China of the Nvidia Microchip H20, which has become one of the protagonists of a global career, that of AI, which faces advanced economies. In April. The resumption of exports to China has firing again the price of Nvidia, which this Tuesday has touched historical limits.

The Pentagon does not want to be left behind. “The adoption of AI is transforming the capacity [del Departamento de Defensa] To support our combatants and maintain a strategic advantage over our adversary, ”said the digital and the Pentagon, Doug Matty, announcing the contracts with the greats of the sector.

US government agencies have expanded the use of AI, driven by a White House order that in April promoted its adoption. President Trump has also softened the regulation of technology revoking an executive order of the 2023 Biden era, which aimed to reduce the risks of AI through the mandatory dissemination of data.

For its part, XAI, the Musk company, on Monday announced a product package called Grok for Governmentputting its advanced models of AI, including its last flagship Grok 4, available to federal, local, state and national security clients. and the promise of the magnate and until a few weeks ago of offering the “smarter”.

The Pentagon announced last month the award to OpenAi of a contract of 200 million dollars, according to which the chatgpt manufacturer “will develop prototypes of vanguard’s capabilities to face critical challenges of national security both in the war and business.”

The contracts announced on Monday strengthen ties between companies that lead the AI career and the operations of the US government, while asking questions about the need for competitive contracts for the use of AI in federal agencies. In May, Democratic Senator Elizabeth Warren urged the Pentagon to preserve the defense of competition when hiring, as a method to curb the galloping penetration of the Chatbot Grok of Musk in the Federal Government.

The president has been accompanied by those responsible for the main companies of the branch, including.

source

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC