Major American corporations unveiled over $90 billion in new investments focused on AI and energy during the Energy and Innovation Summit at Carnegie Mellon University on Tuesday. The announcements come as President Donald Trump pushes to cement U.S. leadership in the booming tech and energy sectors
Google, Blackstone, Meta, CoreWeave, and other industry leaders announced multi-billion-dollar investments as part of a wave of funding aimed at transforming Pennsylvania and surrounding regions into AI and energy hubs.
Google is investing $25 billion in new data centres and struck a $3 billion hydropower deal, while Blackstone pledged $25 billion for infrastructure and a new power joint venture. First Energy plans to invest $15 billion in grid upgrades, and Meta CEO Mark Zuckerberg confirmed that his firm would spend “hundreds of billions” on AI data facilities, including the Prometheus centre in Ohio.
Other key announcements include CoreWeave’s $6 billion Pennsylvania AI data centre and Constellation Energy’s $2.4 billion upgrade of the Limerick nuclear plant. The surge in funding reflects continued investor confidence in AI and energy despite wider VC market challenges.
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Nearly half of 1,100 metric tonnes of emergency food rations stored in a US government warehouse in Dubai will be destroyed after reaching their expiry date. The aid remained unused following a freeze on funding introduced during President Donald Trump’s administration.
The Brazilian government has responded to growing concerns over accommodation for participants of the upcoming UN Climate Change Conference, COP30, set to take place this November in the heart of the Amazon rainforest, in the city of Belém.
The Shanghai Cooperation Organization’s foreign ministers met in Tianjin on 15 July, laying the groundwork for the upcoming SCO summit set for the end of August.
The European Institute of Innovation and Technology (EIT) has announced a €63 million investment to strengthen the innovation and entrepreneurial capacity of Higher Education Institutions (HEIs) across Europe.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
Nvidia has received approval from the U.S. government to sell its advanced H20 AI chips to China, CEO Jensen Huang announced.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
Meta CEO Mark Zuckerberg announced plans to invest hundreds of billions of dollars into building next-generation AI data centres, signalling an aggressive long-term bet on superintelligence and reaffirming Meta’s leadership ambitions in the global AI race.
Peggy Whitson, NASA retiree turned private astronaut, headed for splashdown in the Pacific on Tuesday after her fifth trip to the International Space Station, joined by crewmates from India, Poland, and Hungary returning from their countries’ first ISS mission.
A team led by Prof. Mingtai Wang at the Hefei Institutes of Physical Science has developed a breakthrough method to control the spacing of titanium dioxide nanorods without changing their size, significantly improving solar cell efficiency.
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