The funding sets a new record for private sector funding in the commonwealth, surpassing Amazon’s $20 billion pledge last month.

On July 15, Trump will travel to Pennsylvania to tout more than $90 billion in private sector investment in the state, including in data centers, energy, power infrastructure and personnel needed to fuel the country’s AI ambitions, according to the office of Sen. Dave McCormick, a Pennsylvania Republican.

During the visit, President Trump will be joined by Pennsylvania Senator Dave McCormick, who is hosting the inaugural Pennsylvania Energy and Innovation Summit. It looks to bring together the top leaders in the energy, AI, global investment, labor, and trade sectors, and government officials.

U.S. Sen. David McCormick kicked off the summit on artificial intelligence and energy by pledging to unveil tens of billions of dollars in investment while staking Pennsylvania’s claim on leading the two industries.

U.S. Sen. Dave McCormick says Pennsylvania is positioned to become a leading hub for the energy and artificial intelligence industries. “As the nation’s second-largest energy producer and a global nuclear power leader,

Investments include $3B for a pair of hydroelectric plants and $25B from Blackstone for data center and energy infrastructure.

Sen. David McCormick (R-Pa.) joins 'Squawk Box' to discuss what's going on at the Energy and Innovation Summit in Pittsburg, Pennsylvania.

"That moment captured who he is at his core — a strong leader — and marked a turning point in the 2024 election," said Sen. Dave McCormick.