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Elon Musk criticized Sam Altman's $500 billion "Stargate" AI project, claiming that the funding is not secured, particularly pointing out SoftBank's financial limitations. The initiative, which aims to build advanced data centers in Texas, was praised by President Trump for its potential to create jobs and cure diseases rapidly. This public spat between Musk and Altman continues amid ongoing debates about AI regulation and Musk's legal battles against OpenAI's shift to a for-profit model.
Elon Musk expressed skepticism about President Trump's $500 billion Stargate project for AI infrastructure, claiming the involved tech companies lack the necessary funds. Musk noted that SoftBank has secured well under $10 billion, contradicting the optimistic projections presented during the announcement. OpenAI's CEO Sam Altman praised Musk, despite their contentious history, as the group of tech leaders aims to bolster U.S. competitiveness in AI.
Elon Musk has raised concerns about the financial viability of the $500 billion Stargate AI Project, led by OpenAI and SoftBank, which aims to build AI infrastructure across the US and create over 100,000 jobs. Despite strong government support, Musk questions SoftBank's ability to fund the initiative, noting it has less than $10 billion secured. The project, announced by President Trump, has key partners including Oracle, Microsoft, NVIDIA, and Arm, with initial construction already underway in Texas.
The Stargate project, backed by a $100 billion investment from OpenAI, SoftBank, Oracle, and Emirati investors, aims to solidify U.S. leadership in AI, potentially creating 100,000 jobs. OpenAI CEO Sam Altman, despite rivalry with Elon Musk, praised the initiative during its announcement with Trump, while Microsoft’s role appears to be shifting as it continues to invest heavily in AI infrastructure.
Elon Musk has criticized the $500 billion "Stargate Project" deal between OpenAI and SoftBank, claiming they lack sufficient funding. Despite backing from President Trump and promises of job creation, Musk asserts that SoftBank has secured well under $10 billion. His comments highlight a rift with Trump, as Musk also competes with OpenAI through his AI startup, xAI, which recently raised $6 billion.
Elon Musk has expressed skepticism about Donald Trump's $500 billion AI initiative, claiming it lacks sufficient financial backing, particularly from SoftBank. Musk's comments followed a White House announcement of the "Stargate" project, which aims to create over 100,000 jobs and leverage AI for cancer research, with major investments from tech leaders including Sam Altman and Larry Ellison.
Elon Musk expressed skepticism about the $500 billion Project Stargate, claiming that lead investor SoftBank has secured "well under $10B." The initiative, announced at a White House briefing, aims to create extensive AI infrastructure in the U.S. and includes plans for a $100 billion initial investment, starting with a data center in Texas. Musk's comments raise concerns about the project's financial viability, despite support from major tech partners like Microsoft and Oracle.
YouTube star MrBeast, alongside tech entrepreneur Jesse Tinsley, has made an all-cash bid to acquire TikTok's US operations, amid ongoing uncertainty about the app's future in the country. Former President Trump expressed openness to bids from tech billionaires, valuing TikTok at $1 trillion. The app briefly shut down due to regulatory pressures but was reinstated after Trump suspended enforcement of a law requiring its sale.
President Trump expressed openness to Elon Musk or Larry Ellison acquiring TikTok in a joint venture with the U.S. government, suggesting a deal where half of the app would go to the U.S. He extended the sale deadline by 75 days, despite ByteDance's refusal to sell. Potential buyers, including a group led by Jesse Tinsley and offers from Frank McCourt and Kevin O'Leary, are emerging amid uncertainty over China's stance on the sale.
President Donald Trump expressed openness to the idea of Elon Musk or Larry Ellison purchasing TikTok, emphasizing that the app's value could soar to $1 trillion with U.S. operational permits. He suggested that a buyer could share half of the app with the U.S. in exchange for the necessary permits. TikTok, currently owned by China's ByteDance, faces uncertainty in the U.S. following a recent executive order aimed at keeping it operational for 75 days.
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