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Trump launches Stargate AI project sparking Musk and Altman feud

Donald Trump announced the $500 billion "Stargate" AI project, aimed at enhancing the US's AI infrastructure with backing from major firms like SoftBank and OpenAI. The initiative, which has sparked a feud between Elon Musk and Sam Altman, seeks to create jobs and bolster national security, but Musk questions SoftBank's financial commitment. Altman defended the project's credibility, emphasizing its importance for the country amidst ongoing tensions between the two tech leaders.
The Indian Express
United States Dollar Microsoft Corporation Oracle AI USD USA Larry Ellison Elon Musk Masayoshi Son Donald Trump Sam Altman Show more
Technology & Innovation, News Article
04:07 23.01.2025

trump administration boosts ai investment with major private sector initiatives

UBS has raised AppLovin's price target to $440, reflecting confidence in its AI-driven e-commerce growth. President Trump announced a $500 billion private sector investment to enhance AI infrastructure in the U.S., emphasizing domestic technology development amid global competition. The Stargate initiative, involving OpenAI, SoftBank, and Oracle, aims to create over 100,000 jobs and build data centers, with a commitment of $100 billion for immediate deployment.
Yahoo Finance
United States Dollar SoftBank Corp. Oracle AI USD USA Donald Trump Sam Altman Hussain Sajwani Show more
Politics & Governance, Market Report
01:15 23.01.2025

tech leaders clash over trumps 500 billion ai investment announcement

Tech leaders are clashing over a $500bn AI investment project, Stargate, announced by Trump, with OpenAI, Oracle, and Softbank as key investors. Elon Musk criticized the initiative, claiming it lacks funding, while Sam Altman defended it, highlighting its potential benefits for the country. The rivalry is intensified by Musk's history with Altman, stemming from their co-founding of OpenAI and subsequent legal disputes.
the Guardian
United States Dollar SoftBank Corp. Oracle AI USD USA ARE Larry Ellison Elon Musk Masayoshi Son Satya Nadella Sam Altman Show more
Business & Industry, News Article
23:43 22.01.2025

Elon Musk's rivalries shift as he aligns with Trump and past foes

Elon Musk's relationships with major tech figures like Sam Altman, Mark Zuckerberg, and Jeff Bezos are shifting, particularly as he aligns more closely with Donald Trump. While Musk continues to criticize OpenAI and Altman, he has recently congratulated Bezos on a successful rocket launch and appears to be mending ties with other rivals. Meanwhile, European leaders are pushing back against Musk's political influence, highlighting his controversial comments about global leaders.
Axios
British Pound Sterling Euro United States Dollar JPMorgan Chase & Co. Amazon.com, Inc. Metagenomi, Inc. SoftBank Corp. Oracle AI USD Jamie Dimon Jeff Bezos Elon Musk Donald Trump Mark Zuckerberg Sam Altman Show more
Politics & Governance, News Article
22:09 22.01.2025

Musk and Altman clash over Trump backed Stargate AI data center project

Elon Musk and OpenAI CEO Sam Altman are in a public dispute over the Trump-backed Stargate AI data center project, which aims to invest up to $500 billion. Musk questioned the project's funding, claiming SoftBank has less than $10 billion secured, while Altman defended the initiative as beneficial for the country. This clash is part of a broader rivalry stemming from Musk's earlier conflicts with OpenAI regarding its shift to a for-profit model.
AP News
SpaceXCoin USD Tesla, Inc. SoftBank Corp. Microsoft Corporation Oracle AI USD USA Michael McNamara Larry Ellison Elon Musk Satya Nadella Donald Trump Sam Altman Steve Bannon Show more
Politics & Governance, News Article
21:48 22.01.2025

Musk questions funding for Trump's ambitious Stargate AI infrastructure project

Elon Musk has expressed skepticism about the $500 billion Stargate project, backed by Donald Trump and involving Softbank, OpenAI, and Oracle, questioning the financial viability of the initiative. Musk claimed that SoftBank has less than $10 billion secured, while OpenAI's CEO Sam Altman countered that the project is well-funded and already underway. Microsoft has committed $80 billion to the venture, with other partners also poised to contribute significantly.
Fox Business
United States Dollar Microsoft Corporation SoftBank Corp. Oracle AI USD USA Larry Ellison Elon Musk Satya Nadella Donald Trump Sam Altman Show more
Business & Industry, News Article
21:12 22.01.2025

sam altman and elon musk clash over stargate ai infrastructure project

Elon Musk and Sam Altman engaged in a public dispute over the Stargate project, a joint venture involving OpenAI, SoftBank, and Oracle, aimed at investing up to $500 billion in AI infrastructure. Musk questioned the financial backing of SoftBank, while Altman defended the project's viability and emphasized its national importance. The exchange highlights ongoing tensions between the two, stemming from their shared history with OpenAI and Musk's departure in 2018.
Investor's Business Daily
Tesla, Inc. Microsoft Corporation NVIDIA Corporation Oracle AI USD Arm Holdings plc USA Sam Altman Elon Musk Show more
Business & Industry, News Article
19:45 22.01.2025

Trump supports Musk or Ellison buying TikTok with US ownership stake

President Donald Trump expressed support for Elon Musk or Larry Ellison purchasing TikTok, advocating for a deal where the U.S. would own half of the app. During a press conference, he emphasized the importance of U.S. ownership for national security and potential value, suggesting a joint venture with new or current owners. TikTok briefly ceased U.S. operations but resumed after Trump extended the deadline for compliance with a law requiring divestment from its Chinese parent company, ByteDance.
Fox Business
United States Dollar SoftBank Corp. Oracle AI USD OpenAI ERC USD USA CHN Larry Ellison Elon Musk Show more
Politics & Governance, Transcript
19:29 22.01.2025

musk challenges openai and microsoft on stargate funding claims

OpenAI and Microsoft have countered Elon Musk's skepticism regarding the $500bn Stargate AI infrastructure project, which was recently endorsed by Donald Trump. Musk claimed the funding was insufficient, while OpenAI's CEO Sam Altman asserted that Musk's information was incorrect. The project, backed by SoftBank, Oracle, and others, aims to deploy $100bn immediately, with potential job creation and a focus on maintaining technological leadership in the US.
@FinancialTimes
United States Dollar Microsoft Corporation SoftBank Corp. NVIDIA Corporation Oracle AI USD USA ARE Larry Ellison Elon Musk Masayoshi Son Satya Nadella Donald Trump Sam Altman Show more
Politics & Governance, News Article
18:49 22.01.2025

Musk questions funding for Trump's ambitious artificial intelligence Stargate project

Elon Musk publicly criticized the $500 billion Stargate Project, backed by President Trump and led by OpenAI, claiming they lack sufficient funding. Musk's skepticism could strain his relationship with Trump, who has tasked him with reducing federal spending. The project aims to create hundreds of thousands of jobs and involves major tech partners like Microsoft and NVIDIA.
Axios
United States Dollar SoftBank Corp. Microsoft Corporation NVIDIA Corporation Oracle AI USD USA Donald Trump Sam Altman Elon Musk Show more
Politics & Governance, News Article
18:00 22.01.2025
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