06:26 AM EDT, 07/15/2025 (MT Newswires) -- US President Donald Trump is set to announce $70 billion in investments in energy and artificial intelligence, news outlets reported Monday, citing a White House official and sources familiar with the matter.

According to the media reports, Trump will announce the plans on Tuesday at an event in Pennsylvania. Axios said the planned investments are for Pennsylvania and are expected to create thousands of new jobs in the state.

The White House did not immediately respond to MT Newswires' request for comment.