· 13h
Elon Musk Says Project Stargate Doesn't 'Actually Have The Money' After Trump Announces $500 Billion AI Investment Led By SoftBank, Oracle And OpenAI
· 4h · on MSN
Elon Musk bashes the $500 billion 'Stargate' deal between OpenAI and SoftBank — and backed by Trump
Musk casts doubt on Trump-backed Stargate project: 'They don't actually have the money'
Elon Musk has cast doubt on whether there is enough funding to follow through on a massive $500 billion artificial intelligence infrastructure project announced by President Donald Trump on Tuesday.
Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.
President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.
Open AI CEO Sam Altman, Oracle co-founder Larry Ellison and Softbank CEO Masayoshi Son appeared alongside President Donald Trump to announce the Stargate plan.
OpenAI CEO Sam Altman speaks next to Oracle co-founder Larry Ellison and SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. REUTERS/Carlos Barria A look at the day ahead in European and global markets from Stella Qiu
16hon MSN
According to the creators of ChatGPT, this project aims to support the re-industrialization of the United States while also establishing a strategic capability to safeguard the national security of America and its allies.
SoftBank in India, like in many other parts of the world, is known for its investment in budding startups in various technologically driven avenues. On Wednesday, January 22, the company shares soared in the equity markets in Tokyo. The shares of the Japanese investment group rose after getting a much-needed boost from an unlikely source.
Elon Musk and Sam Altman traded barbs on social media Wednesday after the OpenAI boss took center stage at the White House to unveil his ambitious $500 billion “Stargate” AI infrastructure project. Appearing alongside Oracle executive chairman Larry Ellison and Softbank CEO Masayoshi Son,
Elon Musk raises concerns about the Trump-backed $500 billion Stargate AI Project, questioning SoftBank's ability to fund the initiative.
The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
Trump Administration announced Stargate AI infrastructure joint venture, investing $500 billion over 4 years. SoftBank, Oracle, OpenAI, and Abu Dhabi's MGX involved.
Hours later, Elon Musk publicly raised questions about whether the joint venture would ever get off the ground.Late Tuesday night and early Wednesday morning, Musk wrote on X, his social-media platform,
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