Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.

Meta is building data centers in tents to rapidly scale AI infrastructure and try to catch rivals such as DeepSeek, OpenAI, Anthropic, and Google.

Data center operators in China, which use Nvidia’s H20 chips to crunch data for various AI services, have been struggling to find a local alternative that is as good as the U.S. company’s chips.

Data centers require a tremendous amount of power, and developers need access to it faster than ever. This company is bringing the breakers they need to market.

A project near Carlisle was the 2nd largest out of 18 projects discussed at a major energy conference Tuesday attended by President Trump and Gov. Shapiro.

The proposed data center would include 18 buildings, each about 250,000 square feet, on rural land owned by a timber land property owner on Rock Mountain Lake Road, the Birmingham Business Journal reported. The developer is proposing the $14 billion project as a 4.5 million-square-foot campus, BBJ reported.

CNBC's Diana Olick reports on news regarding real estate and power generation in outer space.

The Japanese telecom giant’s data-center arm is aiming to pour billions into its business to meet rising demand for artificial-intelligence computing and other uses, its chief executive said.