Project Stargate: $500 Billion AI Initiative Sparks Controversy and Competition
86 Sources
[1]
DeepSeek and Masa Son have lessons for Stargate
US tech giants are in panic mode as Chinese AI lab DeepSeek's latest model surpasses OpenAI's ChatGPT on Apple's US App Store. President Donald Trump and tech leaders announced the $500 billion 'Stargate' initiative to bolster US AI dominance by creating 100,000 jobs, though funding and promises
[2]
AI leaders clash over safety and $100bn Stargate project
The biggest figures in artificial intelligence sparred over the dangers of the rapidly advancing technology at the World Economic Forum this week, as hype swirled around a $500bn AI infrastructure project touted by Donald Trump. AI pioneers including Google DeepMind chief Sir Demis Hassabis,
[3]
DeepSeek and Masa Son Have Lessons for Stargate
Building out cutting-edge artificial intelligence capabilities on a multi-hundred-billion-dollar budget would be impressive. But what's more remarkable? Creating tools that go toe-to-toe for a tiny fraction of that figure. That's a simplistic read on the past week's biggest global AI news. What's
[4]
What is Project Stargate? Why this $500-billion AI initiative could herald a 'platform shift'
This week US President Donald Trump announced a joint venture between OpenAI, Japanese conglomerate SoftBank Group, and Abu Dhabi's AI-focused sovereign wealth fund MGX, to put as much as $500 billion over multiple years into US data centers dedicated to artificial intelligence. Trump appeared at
[5]
Why Elon Musk is fuming over Donald Trump's $500 billion AI Stargate Project
A new $500 billion AI initiative, Stargate, was announced by US President Donald Trump, SoftBank, OpenAI, and Oracle, promising to create over 100,000 jobs. However, Elon Musk's doubts about the project's funding and his ongoing rivalry with OpenAI's Sam Altman sparked public disputes. As questions
[6]
What to Know About 'Stargate,' OpenAI's New Venture Announced by Trump
President Donald Trump on Tuesday announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of artificial intelligence (AI) - in an early signal that his Administration would embrace the technology. The plans, which predate the
[7]
What is Stargate, Trump's ambitious AI infrastructure venture?
When President Trump announced the new $500 billion Stargate AI venture from OpenAI, Softbank and Oracle on Tuesday, he promised it would ensure "the future of technology" in the U.S. So far, Wall Street appears to agree, with some analysts speculating about its potential to transform the tech
[8]
What is Stargate, Trump's ambitious AI infrastructure venture?
When President Trump announced the new $500 billion Stargate AI venture from OpenAI, Softbank and Oracle on Tuesday, he promised it would ensure "the future of technology" in the U.S. So far, Wall Street appears to agree, with some analysts speculating about its potential to transform the tech
[9]
Trump's $500B Stargate A.I. Project: What Will It Build and Does It Actually Have the Money?
The investment planned for Stargate is equivalent to 2 percent of the annual U.S. GDP. On Tuesday (Jan. 21), President Donald Trump announced an A.I. initiative called Stargate. During a press conference at the White House attended by OpenAI CEO Sam Altman, SoftBank (SFTBF) CEO Masayoshi Son and
[10]
What to know about 'Stargate,' the $500 billion AI infrastructure project touted by Trump
After scrapping the Biden administration's executive order on artificial intelligence, President Donald Trump announced a half-a-trillion-dollar AI infrastructure plan alongside some of the technology's top leaders. The president was joined by OpenAI chief executive Sam Altman, SoftBank
[11]
Trump's $500 billion AI moonshot: Ambition meets controversy in 'Project Stargate'
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More President Donald Trump unveiled an ambitious plan to reshape America's artificial intelligence landscape this week, coupling a massive $500 billion private-sector
[12]
OpenAI Stargate is a $500B bet: America's AI Manhattan Project or costly dead-end?
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More In case you missed it amid the flurry of executive orders coming out of the White House in the days since President Trump returned to office for his second non-consecutive
[13]
The Stargate Project: Trump and OpenAI announce $500 billion AI venture
The Stargate Project is underway. Credit: Andrew Harnik / Getty Images Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S. On Tuesday, the ChatGPT maker announced The Stargate Project, a $500 billion venture to invest
[14]
Stargate artificial intelligence project to exclusively serve OpenAI
Stargate, a high-profile artificial intelligence infrastructure project trumpeted by Donald Trump this week, will exclusively serve ChatGPT maker OpenAI, according to people familiar with the matter. The venture plans to spend $100bn on Big Tech infrastructure projects, with the figure rising to
[15]
Trump announces $500 billion "Stargate" initiative that aims to build largest-ever AI infrastructure project
Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. What just happened? Donald Trump has announced that tech titans OpenAI, Oracle, and SoftBank are joining forces on a colossal $500 billion initiative dubbed "Project Stargate." According to the US
[16]
There's Apparently a Huge Financial Problem With Trump's Massive AI Project
President Donald Trump's behemoth $500 billion AI infrastructure project, dubbed Stargate, may be doomed from the start. Trump made the sweeping announcement earlier this week, revealing that the ChatGPT maker, investment company SoftBank, tech giant Oracle, and Abu Dhabi state-run AI fund MGX
[17]
Elon Musk raises concerns over $500 billion Stargate Project backed by Donald Trump
Elon Musk has expressed doubts about the financial feasibility of the $500 billion Stargate AI Project announced by President Donald Trump. The project, led by OpenAI and SoftBank, aims to build AI infrastructure across the US, create over 100,000 jobs, and strengthen national security. Despite
[18]
The Oval Office 'Stargate Project' reveal was just more tech industry genuflecting
So the Stargate announcement now looks like another example of U.S. tech leaders hurrying to curry favor with Trump, in this case by offering him a chance at some unearned political points. That's not to say the demand for new data centers isn't real. "I generally think that there needs to be (and
[19]
Report Claims Trump's $100 Billion AI Project 'Stargate' Is Designed to Benefit One Company: OpenAI
Stargate is little more than an extension of Sam Altman's powerful AI company, anonymous sources told the Financial Times. Project Stargate, announced by the White House earlier this week, has been heralded as a monumental AI "infrastructure" project that will totally transform America's
[20]
Musk Clashes With OpenAI CEO Sam Altman Over Trump-Supported Stargate AI Data Center Project
It's the latest in a feud between the two billionaires that started on OpenAI's board and is now testing Musk's influence with the new president. Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the
[21]
ETtech Explainer: Behind Trump's $500-billion 'Stargate' bid for AI supremacy
'The Stargate Project' is a $500 billion initiative to build AI infrastructure across the US, with Masayoshi Son taking the role of chairman. This project is not only aimed at supporting the re-industrialisation of the United States but also to provide a strategic capability to protect the national
[22]
Future of Artificial Intelligence: Will Stargate Be a Game Changer?
OpenAI together with Oracle and SoftBank launched Stargate which represents the United States' first $500 billion artificial intelligence infrastructure project. Through his official announcement, President Donald Trump declared the program as the "largest AI infrastructure project in history."
[23]
Microsoft and OpenAI feud with Elon Musk over $500bn Stargate project
George Hammond in San Francisco and Myles McCormick in Washington OpenAI and Microsoft have hit back at Elon Musk's criticism of Stargate, the new $500bn artificial intelligence infrastructure project hailed by Donald Trump as a "resounding declaration of confidence in America's potential under a
[24]
Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires that started on OpenAI's board and is now testing Musk's influence with the new presidential
[25]
Open AI, Oracle, and SoftBank to invest $500 billion in 'Stargate' AI project
The United States is set to receive up to $500 billion in private sector investment for artificial intelligence infrastructure from Stargate, a joint venture led by Open AI, Oracle, and SoftBank, the U.S. President Donald Trump announced on Tuesday, reports Reuters. The three companies intend to
[26]
Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires that started on OpenAI's board and is now testing Musk's influence with the new presidential
[27]
Tech titans bicker over $500bn AI investment announced by Trump
After unveiling of Stargate, Elon Musk, Sam Altman and Satya Nadella of Tesla, OpenAI and Microsoft trade barbs Major tech moguls had their claws out for each other Wednesday, hissing at their rivals over enormous pledges to invest in AI that had been announced by Donald Trump the day
[28]
Trump announces $500B "Stargate" AI infrastructure project with AGI aims
On Tuesday, OpenAI, SoftBank, Oracle, and MGX announced plans to form Stargate, a new company that will invest $500 billion in AI computing infrastructure across the United States over four years. The announcement came during a White House meeting with President Donald Trump, who called it the
[29]
Trump Bets It All on OpenAI
This is Atlantic Intelligence, a newsletter in which our writers help you wrap your mind around artificial intelligence and a new machine age. Sign up here. Earlier this week, Donald Trump unveiled perhaps the most ambitious infrastructure project in history -- one that may rival the costs of the
[30]
Elon Musk bashes the $500 billion 'Stargate' deal between OpenAI and SoftBank -- and backed by Trump
The companies are teaming up for what they call the "Stargate Project," presumably named after the sci-fi franchise, which aims to spend $500 billion over the next four years building artificial intelligence infrastructure in the U.S. The companies said Tuesday that they would begin deploying $100
[31]
Elon Musk claims Trump's Stargate backers 'don't actually have the money'
Mere hours after the OpenAI announced the ambitious Stargate Project, which would see up to $500 billion in private AI infrastructure construction over the next four years, Tesla CEO and newly-minted presidential advisor Elon Musk alleged on social media that the project's backers, "don't actually
[32]
Elon Musk undercuts Trump's Stargate AI investment announcement
Elon Musk claimed overnight Tuesday that tech giants OpenAI, Oracle and Softbank don't have enough money to fulfill their high-profile pledge to invest $500 billion in U.S. AI infrastructure. The Tesla and SpaceX CEO made the comment just hours after President Donald Trump unveiled the massive
[33]
Elon Musk throws shade at $500 billion Stargate venture
Elon Musk weighed in on one of the first business investment unveilings by President Donald Trump Wednesday, in a move that could suggest friction at the heart of the new administration's focus on America's leadership in the global technology race. Trump unveiled plans for a new joint venture,
[34]
Elon Musk clashes with OpenAI's Sam Altman over AI data centre project
Tech news outlet The Information first reported on an OpenAI data centre project called Stargate in March 2024, indicating that it had been in the works long before Trump announced it. Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence (AI) infrastructure
[35]
OpenAI and other tech titans worked on Stargate deal months before Trump won
The $100 billion artificial intelligence deal that escalated a feud between Donald Trump adviser Elon Musk and OpenAI CEO Sam Altman was in the works for months before President Trump's election victory -- undermining tech titans' declarations that the venture was only possible because of Trump's
[36]
Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project
U.S. President Donald Trump, left, gives remarks on AI Infrastructure as Larry Ellison, second from left, chief technology officer of Oracle, Masayoshi Son, second from right, CEO of SoftBank, Sam Altman, CEO of OpenAI, look on in the Roosevelt Room of the White House in Washington, D.C., Jan. 21.
[37]
OpenAI and Softbank team up for a $500 billion AI data center venture
The Stargate Project also involves Arm, NVIDIA, Oracle and Microsoft. OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank. The two entities have teamed up to establish a new company called the Stargate Project
[38]
New details emerge about Project Stargate as Meta discloses $60B+ AI investment - SiliconANGLE
New details emerge about Project Stargate as Meta discloses $60B+ AI investment New details have emerged about Project Stargate, the $500 billion initiative through which OpenAI hopes to build a cluster of artificial intelligence data centers. The Financial Times reported on Thursday that the
[39]
OpenAI Goes Full MAGA
Sam Altman has once again put himself in a position of power -- this time by sidling up to President Trump. Things were not looking great for OpenAI at the end of last year. The company had been struggling with major delays on its long-awaited GPT-5 and hemorrhaging key talent -- notably, Chief
[40]
Elon Musk publicly trashes Trump-backed Stargate AI project, clashes with OpenAI CEO Sam Altman
A dispute arose between Elon Musk and OpenAI CEO Sam Altman over Stargate, a $500 billion AI infrastructure project. Musk questioned the funding, while Altman defended it and emphasized its national benefits. The disagreement is part of a long-standing feud from their time at OpenAI.A dispute
[41]
What Is the Trump-Backed Stargate AI Project and Why Is It Controversial?
Trump called Stargate the "largest AI infrastructure project, by far, in history." One of President Donald Trump's recent announcements is stirring up controversy - though this time the criticisms are coming from inside his inner circle. Trump this week announced a venture between OpenAI, the
[42]
Musk and Altman squabble over Stargate billions
OpenAI boss tell world's richest man money is there to fund infrastructure project The world has been treated to tech bro squabbling over Stargate, the $500 billion artificial intelligence infrastructure project, while the grown-ups look on. The Stargate project was made public on Tuesday during
[43]
Musk undercuts Trump's Stargate AI investment announcement
Elon Musk claimed overnight Tuesday that tech giants OpenAI, Oracle and Softbank don't have enough money to fulfill their high-profile pledge to invest $500 billion in U.S. AI infrastructure. The Tesla and SpaceX CEO made the comment just hours after President Donald Trump unveiled the massive
[44]
From Musk to Nadella: Trump's $500 billion AI project stirs drama among the biggest names in tech
L-R: Satya Nadella, CEO of Microsoft, Marc Benioff, Chairman and CEO of Salesforce, and Elon Musk, CEO of Tesla and SpaceX. Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project. Earlier this week, Trump announced
[45]
Elon Musk, in Test of His Influence With Trump, Clashes With OpenAI's Sam Altman Over 'Stargate' Project
The new $500 billion venture will start building out data centers and the electricity generation needed for the further development of fast-evolving AI in Texas. Elon Musk is clashing with OpenAI's chief executive, Sam Altman, over the Stargate artificial intelligence infrastructure project touted
[46]
Musk and Altman trade barbs on social media after ChatGPT co-creator's White House appearance
The head of OpenAI stood alongside Trump as the president announced the new AI "Stargate" initiative. A war-of-words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in tech sparred over their rival artificial intelligence initiatives. The
[47]
Does Sam Altman Need Donald Trump, or Is It the Other Way Around?
Late yesterday afternoon, the president of the United States transformed, very briefly, into the comms guy for a new tech company. At a press conference capping his first full day back in the White House, Donald Trump stood beside three of the most influential executives in the world -- Sam Altman
[48]
Elon Musk and Sam Altman Clash Over $500 Billion Stargate AI Plan Touted By Trump: 'Don't Have the Money'
President Trump and a host of tech leaders (Softbank's Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison) teamed up to announce "Stargate" on Tuesday, an AI mega-project that includes a $500 billion investment in AI infrastructure to build data centers in the U.S. "Stargate will be
[49]
Experts Weigh in on $500B Stargate Project for AI
With the CEOs of OpenAI, Oracle, and Softbank at his side, Trump said that these companies and other private sector partners will invest up to US $500 billion in building data centers across the United States, with the first $100 billion coming this year. The announcement came the day after Trump
[50]
OpenAI, SoftBank each commit $19 billion to Stargate AI data center: Report
OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday. The ChatGPT maker will hold a 40% interest in Stargate, and would act as an extension of
[51]
Musk questions funding of Trump's $500 bln Stargate, OpenAI's Altman replies By Investing.com
Investing.com-- Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), has publicly criticized President Donald Trump's recently announced $500 billion Stargate project, questioning its financial viability. The initiative, unveiled on Tuesday, aims to establish a vast artificial intelligence (AI)
[52]
Here's What's in 'Stargate,' the $500-Billion Trump-Endorsed Plan to Power U.S. AI
CLIMATEWIRE | President Donald Trump announced an initiative Tuesday for several technology giants to invest at least $500 billion in artificial intelligence and data centers at U.S. locations over four years, a move that could shake up the electricity mix and heat up a technology race with
[53]
SoftBank, OpenAI commit $19 billion each to Stargate initiative- The Information By Investing.com
Investing.com-- Japanese investment giant SoftBank Group Corp. (TYO:9984) and artificial intelligence pioneer OpenAI have each pledged $19 billion to Stargate, a nascent technology initiative aimed at developing AI data centers, The Information reported on Wednesday citing sources familiar with the
[54]
Elon Musk Says Project Stargate Doesn't 'Actually Have The Money' After Trump Announces $500 Billion AI Investment Led By SoftBank, Oracle And OpenAI - Microsoft (NASDAQ:MSFT), ARM Holdings (NASDAQ:ARM)
Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY SFTBF has "well under $10B secured." What Happened: The project, unveiled Tuesday at a White House briefing in the presence of
[55]
Stargate Project Announced with USD 500 Billion Investment in US AI Infrastructure
AI-powered innovations include personalised cancer vaccines within 48 hours of diagnosis. US President Donald Trump on Tuesday announced a USD 500 Billion investment to build artificial intelligence (AI) infrastructure in the US to create Jobs and Transform lives. Supported by ChatGPT-maker
[56]
Stargate AI project news sends Oracle and SoftBank stock prices soaring
Software giant Oracle and Japan's SoftBank Group saw their share prices rise by double digits on Wednesday morning. The boost came in the wake of an announcement yesterday by President Trump that the firms will be part of a joint venture meant to create hundreds of billions of dollars in artificial
[57]
Elon Musk and Sam Altman take to social media to fight over Stargate | TechCrunch
Billionaire Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centers for OpenAI across the U.S. Stargate, announced Tuesday during a press conference at the White House, would funnel as much as $500 billion from investors
[58]
Stargate Project launched for AI infrastructure
Company created to invest in US-based AI infrastructure for OpenAI is backed by SoftBank, OpenAI, Oracle, and MGX. In a venture unveiled by Pres. Donald Trump on January 21, companies including SoftBank, Oracle, OpenAI, and MGX are funding a new AI company, called the Stargate Project, to invest
[59]
Tech Billionaires Announce 'Project Stargate' With Trump, But Where's Elon?
"We will be amazed at how quickly we're curing this cancer and that one," said Sam Altman of the AI project. Donald Trump held the first press conference of his new presidential term on Tuesday, along with three billionaires who are starting a new partnership called Stargate that they claim will
[60]
Musk bashes Trump-backed AI mega project
Washington (AFP) - Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there. The comments marked a rare instance of a split between the world's richest man and Trump, with Musk
[61]
Stargate Project launched for OpenAI AI infrastructure
Company created to invest in US-based AI infrastructure for OpenAI is backed by SoftBank, OpenAI, Oracle, and MGX. In a venture unveiled by Pres. Donald Trump on January 21, companies including SoftBank, Oracle, OpenAI, and MGX are funding a new AI company, called the Stargate Project, to invest
[62]
Musk slams Trump-backed AI mega project
Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there. The comments marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role
[63]
Elon Musk shades OpenAI's Sam Altman over $500B Stargate AI project:...
Elon Musk threw shade at OpenAI's Sam Altman on Tuesday after his rival 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, Altman discussed a
[64]
Sam Altman Blasts Elon Musk for Defying Donald Trump's AI Deal
AI tech leaders are stumbling over themselves to kiss the ring of newly-minted president Donald Trump. Earlier this week, Trump announced a $500 billion AI infrastructure deal, a joint venture between OpenAI, SoftBank, Oracle, and UAE-backed investor MGX. The companies involved in the project,
[65]
OpenAI's Stargate project reportedly doesn't have the money it needs | TechCrunch
Stargate -- the massive infrastructure project to build data centers for OpenAI in the U.S. -- lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around
[66]
How Stargate's $500B is getting funded?
Context: The Stargate project will invest an initial $100 billion, with another $400 billion over the next four years. Between the lines: A portion of the $100 billion is expected to be funded via third-party debt rather than equity, Axios has learned. OpenAI will be responsible for the
[67]
Elon Musk On The $500 Billion Stargate Project: "They Don't Actually Have The Money"
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Elon Musk, the CEO of Tesla, the head of the Department of Government Efficiency (DOGE), and a key player in the Trump administration 2.0, has just axed the
[68]
After Trump's mega $500 billion AI investment, OpenAI CEO Sam Altman's big confession amid rivalry with Elon Musk
Stargate Project: The top tech companies Tuesday announced that they will create a new company, called Stargate, to grow artificial intelligence infrastructure in the United States. OpenAI CEO Sam Altman has shown support for Donald Trump, praising his potential impact on the country and aligning
[69]
After Trump's mega $500 billion AI investment announcement, OpenAI CEO Sam Altman's big confession amid rivalry with Elon Musk
In a high-profile announcement from the White House, US President Donald Trump revealed the formation of a $500 billion joint venture aimed at establishing a robust AI infrastructure within the United States. Dubbed "Stargate," the project will focus on building data centres and other key AI
[70]
Elon Musk calls Stargate funding claims false, Sam Altman fires back
Trump hailed Stargate as a cornerstone for developing artificial general intelligence (AGI) within the United States, underscoring its potential to cement America's leadership in AI innovation. Sam Altman expressed optimism about the project, stating, "Stargate will allow AGI to be built in the
[71]
SoftBank 'doesn't have the money' for $500 billion Stargate AI infrastructure investment plan - Musk By Investing.com
Investing.com -- President Trump announced on Tuesday a massive AI infrastructure project involving OpenAI, Oracle (NYSE:ORCL), and SoftBank (TYO:9984), with an investment plan of up to $500 billion. This project, named Stargate, is being touted as the "largest AI infrastructure project in
[72]
AI's $100 Billion Stargate Venture Touted by Trump Will Tap Solar Power
A $100 billion venture that President Donald Trump heralds as accelerating artificial intelligence in the US is expected to depend in part on power sources favored by his climate-focused predecessor -- solar and batteries. Trump unveiled the Stargate joint venture involving SoftBank Group Corp.,
[73]
Trump Launches $500B Stargate AI Initiative to Boost US Tech Leadership and Economy
Trump Unveils $500 Billion Stargate AI Plan to Drive Innovation, Job Growth, and National Security Revealing plans for the 'Stargate AI' initiative, US President Donald Trump has announced that America will invest $500 billion in artificial intelligence. The project that aims to boost the nation's
[74]
SoftBank, OpenAI Plan $19 Billion Each for Stargate, Information Reports
SoftBank Group Corp. and OpenAI each plan to commit $19 billion of capital to Stargate, the $100 billion US AI endeavor President Donald Trump unveiled this week, the Information reported. The two companies would then both own 40% of Stargate, the tech outlet said, citing comments by Chief
[75]
Elon Musk, Sam Altman Clash Over Trump's Stargate AI Plan | The Opening Trade 01/23
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, exposing an early internal rift within the White House. Trump was joined by
[76]
"They don't actually have the money" - Elon Musk slams Project Stargate, calls Sam Altman a "swindler"
Claims backers of $500bn initiative "don't actually have the money" The global AI market appears to have descended into a playground battle of insults after Elon Musk, Sam Altman, Satya Nadella, and others all clashed over the launch of Project Stargate. Revealed earlier this week to huge fanfare
[77]
Elon Musk says 'they don't actually have the money' to build huge $500 billion Stargate system
President Trump announced an ambitious $500 billion AI infrastructure called Project Stargate, but now SpaceX and Tesla boss Elon Musk has said: "they don't actually have the money". Check out his post on X below: In recent news, the Trump administration had OpenAI CEO Sam Altman, Oracle CEO Larry
[78]
Elon Musk Blasts Donald Trump's Huge AI Infrastructure Deal
Multi-hyphenate billionaire Elon Musk has broken stride with his tight confidante Donald Trump -- lobbing criticism at Trump's lucrative $500 billion AI infrastructure project, seemingly because he was left out of the deal. Earlier this week, OpenAI, SoftBank, Oracle, and UAE-backed investor MGX
[79]
Trump-backed Stargate Project could strain the US energy grid
The Stargate Project aims to build huge data centres for AI development - but the details remain murky, and it is still unclear exactly how this might impact the energy future of the US This week, OpenAI and other tech companies joined US President Trump at the White House to pledge a private
[80]
OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says 'I Wish I Had Done More Of My Own Thinking' - Oracle (NYSE:ORCL), SoftBank Group (OTC:SFTBY)
Sam Altman, CEO of OpenAI, has publicly expressed his support for President Donald Trump. This revelation comes years after he praised LinkedIn co-founder Reid Hoffman for stopping his re-election. What Happened: Altman disclosed that his perspective on President Trump has evolved. He mentioned
[81]
Musk bashes Trump-backed Stargate deal: "They don't actually have the money"
Why it matters: Musk publicly undermining the $500 billion project, led by OpenAI and other tech titans, could draw Trump's ire. What he's saying: "They don't actually have the money," Musk said on X late Tuesday night in response to OpenAI's announcement of the project. Catch up quick: "The
[82]
Trump waves off criticism from Elon Musk on AI announcement
WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday dismissed criticism from close ally Elon Musk about a $500 billion artificial intelligence project that Trump announced with great fanfare at the White House earlier this week. Trump announced on Tuesday that ChatGPT's creator OpenAI,
[83]
Trump Waves off Criticism From Elon Musk on AI Announcement
WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday dismissed criticism from close ally Elon Musk about a $500 billion artificial intelligence project that Trump announced with great fanfare at the White House earlier this week. Trump announced on Tuesday that ChatGPT's creator OpenAI,
[84]
Elon Musk and Sam Altman's personal feud has become a Trump loyalty test
The feud between Elon Musk and Sam Altman has been years in the making, litigious, and above all else, personal. Or at least it used to be. Now Musk is holding Altman's feet to the fire for his wavering loyalties to President Donald Trump. The bad blood between two of the leading figures in
[85]
Trump AI project presents Musk with early test of loyalty
Elon Musk's criticism of an artificial intelligence (AI) infrastructure project backed by President Trump is presenting an early test of how the SpaceX CEO will balance his personal conflicts in the technology space with the interests of the president. Musk, a fierce Trump ally, appeared to break
[86]
Trump shrugs off Musk criticism of AI project: 'He hates one of the people in the deal'
President Trump on Thursday said he was unbothered by ally Elon Musk publicly criticizing an investment Trump had touted for a new artificial intelligence (AI) infrastructure project. Musk has in recent days clashed with one of the project's investors, Sam Altman, the CEO of OpenAI. "No it
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A massive $500 billion AI infrastructure project called Stargate, backed by Trump and tech giants, aims to maintain US dominance in AI. The initiative faces skepticism and criticism, particularly from Elon Musk, while raising questions about funding, job creation, and geopolitical implications.
Trump Announces $500 Billion 'Stargate' AI Initiative
In a high-profile White House announcement, President Donald Trump, alongside tech industry leaders, unveiled Project Stargate - a $500 billion initiative aimed at bolstering US dominance in artificial intelligence (AI)
1
. The joint venture between OpenAI, SoftBank Group, and Abu Dhabi's AI-focused sovereign wealth fund MGX plans to invest in US data centers dedicated to AI development over multiple years4
.Key Players and Promises
The project brings together influential figures such as OpenAI CEO Sam Altman, SoftBank chairman Masayoshi Son, and Oracle founder Larry Ellison
2
. Trump claimed the initiative would create at least 100,000 American jobs "almost immediately"1
. Oracle, Microsoft, ARM Holdings, and Nvidia are listed as technology partners for Stargate4
.Funding Controversy and Skepticism
The announcement sparked immediate controversy, with Tesla CEO Elon Musk publicly questioning the project's funding
5
. Musk claimed that SoftBank had "well under $10B" in secured funds, leading to a heated exchange with OpenAI's Altman5
. The Financial Times reported that Stargate has not yet secured its full funding and will receive no government financing2
.Geopolitical Implications and AI Race
Stargate is positioned as a strategic move to counter China's growing influence in the tech space, particularly in AI development
5
. The initiative comes amid reports of Chinese AI lab DeepSeek's latest model surpassing OpenAI's ChatGPT on Apple's US App Store, intensifying the global AI race1
.Industry Impact and Infrastructure Race
Wall Street analysts view Stargate as part of a broader trend of massive capital expenditure in AI infrastructure. Jackson Ader of KeyBanc Capital Markets estimates that major tech companies will spend $286.5 billion in 2025 and $308.8 billion in 2026 on capital investments, with an increasing proportion dedicated to AI
4
.Related Stories
Debates on AI Safety and Development
The announcement reignited debates among AI leaders about the safety and ethical implications of rapidly advancing AI technology. Figures like Demis Hassabis of Google DeepMind and Dario Amodei of Anthropic expressed concerns about the potential risks of artificial general intelligence (AGI), while others like Yann LeCun of Meta criticized these views as hypocritical given the ongoing race to develop more advanced AI systems
2
.Future Uncertainties
As the Stargate project moves forward, questions remain about its long-term impact on the AI landscape, job creation, and geopolitical balance. Experts like Matthew Bryson of Wedbush Securities see it as part of an "unending and growing stream of capital being invested in AI," while others caution about the lack of clear direction in such massive AI initiatives
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.References
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