Donald Trump declares: We are way ahead of China in AI race and the plants are ..

US President Donald Trump announced $92 billion in energy and infrastructure deals intended to meet Big Tech's soaring demand for electricity to fuel the AI boom. Trump made the announcement at the inaugural

Pennsylvania Energy and Innovation Summit

at Carnegie Mellon University. Top executives from Google, Palantir, Anthropic, Exxon and Chevron attended the event. President Trump asserted about the need of beating China in the global AI race."Today's commitments are ensuring that the future is going to be designed, built and made right here in Pennsylvania and right here in Pittsburgh, and I have to say, right here in the United States of America," Trump said at the event. He added, "We are way ahead of China and the plants are starting up, the construction is starting up." His comments reflect the growing sentiment in Washington that the United States must not lose ground to China in the race to develop AI.

Google makes $25 billion commitment

Among investments, Google committed $25 billion to build AI-ready data centers in Pennsylvania and surrounding regions. "We support President Trump's clear and urgent direction that our nation invest in AI... so that America can continue to lead in AI," said Ruth Porat, Google's president and chief investment officer, as per a report in AFP.

Google also announced a partnership with Brookfield Asset Management to modernize two hydropower facilities in Pennsylvania, representing 670 MW of capacity on the regional grid. Investment group Blackstone pledged more than $25 billion to fund new data centers and energy infrastructure.

Energy worries of Technology companies

The tech world has fully embraced generative AI as the next wave of technology, but fears are growing that its massive electricity needs cannot be met by current infrastructure, particularly in the United States. Generative AI requires enormous computing power, mainly to run the energy-hungry processors from Nvidia, the California-based company that has become the world's most valuable company by market capitalization.Officials expect that by 2028, tech companies will need as much as five gigawatts of power for AI -- enough electricity to power roughly five million homes.