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Elon Musk has raised doubts about the viability of a $100 billion AI initiative announced by President Trump, questioning the financial backing of participating companies. He claimed on his platform X that SoftBank has secured less than $10 billion, suggesting a lack of substantial funding.
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.
Elon Musk has emerged as a significant political player in Trump's administration, advocating for corporate deregulation and leading the "Department of Government Efficiency" (DOGE). His close ties to Trump, including frequent visits to Mar-a-Lago and substantial campaign contributions, have earned him the nickname "President Musk" among critics. Despite stirring tensions within Trump's base, Musk's influence is poised to shape the upcoming term significantly.
Elon Musk and OpenAI CEO Sam Altman are engaged in a public dispute over the Stargate project, which aims to invest $500 billion in data centers for AI workloads across the U.S. Musk claims Stargate lacks the necessary funding, while Altman counters that the initiative is beneficial for the country. The rivalry is intensified by Musk's competing AI venture, xAI, and ongoing legal challenges between the two companies.
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.
Elon Musk has publicly criticized Donald Trump's $500 billion AI infrastructure initiative, claiming the funding is not secure and mocking the project's financial backing. His skepticism may stem from past conflicts with OpenAI CEO Sam Altman, whom Musk co-founded the company with before leaving in 2019. Tensions between Musk and Trump have been evident, with Musk's recent comments suggesting a growing rift despite their previous alliance.
Musk has expressed skepticism regarding the Trump-backed Stargate AI project, indicating concerns about its viability and potential impact. His comments reflect a broader apprehension within the tech community about the direction and implications of AI initiatives tied to political figures.
JPMorgan CEO Jamie Dimon praised Elon Musk as a visionary leader, referring to him as "our Einstein," during a speech at the Economic Club of New York. This comes after a lengthy legal dispute between the two, which was resolved last November. Dimon also expressed support for Musk's initiative to streamline government operations, while stating that JPMorgan has no plans for major acquisitions in the near future.
Elon Musk challenged the financial viability of President Trump's $500 billion Stargate AI project, claiming that tech giants OpenAI, Oracle, and Softbank lack sufficient funds. Musk specifically stated that Softbank has "well under $10B secured," prompting a rebuttal from OpenAI CEO Sam Altman, who called Musk's assertion "wrong." The project, announced at the White House, aims to create over 100,000 American jobs, with significant infrastructure already underway in Texas.
Elon Musk criticized President Trump's $500 billion AI project, Stargate, claiming its backers lack sufficient funds. Musk stated that SoftBank has secured less than $10 billion, despite the project's ambitious plans for investment from major companies like OpenAI and Oracle. This criticism comes amid Musk's ongoing legal disputes with OpenAI and his close ties to the Trump administration.
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