The billionaire wrote on social media that the companies behind the project don’t have enough money to follow through on their pledges.
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.
Trump Administration announced Stargate AI infrastructure joint venture, investing $500 billion over 4 years. SoftBank, Oracle, OpenAI, and Abu Dhabi's MGX involved.
Here are the top takeaways from Trump’s press conference. One of Trump’s first executive actions as the 47th president of the nation was to grant pardons and commutations to all of the defendants convicted over the Jan. 6 Capitol riot, sparking criticism from Democrats who denounced the move.
The author and editors take ultimate responsibility for the content. SoftBank Group (SFTBF 8.38%) is a Japanese holding company that focuses on investment management. The company was formerly a ...
Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises,
Elon Musk on the new Project Stargate system with $500 billion of funding, says 'they don't actually have the money' to build the AI system.
Tech billionaire Elon Musk voiced doubts about President Trump’s newly announced infrastructure plan for artificial intelligence, claiming the technology companies behind the effort do not yet have the $500 billion promised for the project.
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
Elon Musk criticized the newly announced $500 billion Stargate Project, claiming the AI infrastructure initiative lacks sufficient funding.