The Trump Administration is expected to unveil a so-called AI Action Plan to detail policy guidelines, including expanding power sources for data centers and easing regulations, sources briefed by administration officials told Bloomberg on Friday.
The AI Action Plan is expected within days, with a set of measures to accelerate the development of AI in the United States. Some of the policies in the plan will be enacted via executive orders that President Trump will sign, according to Bloomberg’s sources.
In an executive order in his first days in office, President Trump directed in January relevant government agencies and bodies to develop and submit to the President an action plan to achieve the U.S. policy “to sustain and enhance America’s global AI dominance in order to promote human flourishing, economic competitiveness, and national security.”
This week, the Trump Administration announced more than $90 billion worth of AI and energy investments in Pennsylvania. These include Google’s $25 billion investment in data centers and infrastructure, Blackstone’s $25 billion investment in data centers and natural gas plants, and CoreWeave’s $6 billion investment in data center expansion.
President Trump’s agenda for next week includes remarks on AI at an event on July 23, so it’s possible that the AI Action Plan is unveiled around that date.
In the energy sector, U.S. power utilities have announced billions of dollars in capital plans for the next few years and are getting a lot of requests from commercial users, most notably Big Tech, for new power capacity in many areas next to planned data centers.
Onshoring of manufacturing activity and AI-related data centers are driving an increase in U.S. electricity consumption, Goldman Sachs said in a report earlier this year.
U.S. electrical power demand is expected to rise by 2.4% each year through 2030, with AI-related demand accounting for about two-thirds of the incremental power demand in the country, the investment bank said.
The world’s biggest economy will need all energy sources to ensure power demand is met. Natural gas is the biggest near-term winner of AI advancements, but renewables will also play a key role in powering the data centers of next-generation computing, analysts say.
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Oilprice.com:
- New Powers Emerge as Russia’s Grip on South Caucasus Falters
- Oil Prices Rise on Tight Summer Market
- EU Proposes Record Budget with Ukraine Aid and Defense Boost
