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	<title>Stargate &#8211; USA NEWS LIVE</title>
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	<title>Stargate &#8211; USA NEWS LIVE</title>
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		<title>Musk undermines Trump&#039;s Stargate AI investment announcement</title>
		<link>https://bloggingthree.soflytech.com/2025/01/musk-undermines-trumps-stargate-ai-investment-announcement/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 22 Jan 2025 17:57:33 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[announcement]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Musk]]></category>
		<category><![CDATA[Stargate]]></category>
		<category><![CDATA[Trump39s]]></category>
		<category><![CDATA[undermines]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=23136</guid>

					<description><![CDATA[Elon Musk claimed overnight on Tuesday that tech giants OpenAI, Oracle and Softbank don&#39;t manage to pay for to satisfy their high-profile pledge to speculate $500 billion in US AI infrastructure. The CEO of Tesla and SpaceX made the comments just hours after President Donald Trump unveiled the huge project on the White House on [&#8230;]]]></description>
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<p>Elon Musk claimed overnight on Tuesday that tech giants OpenAI, Oracle and Softbank don&#39;t manage to pay for to satisfy their high-profile pledge to speculate $500 billion in US AI infrastructure.</p>
<p>The CEO of Tesla and SpaceX made the comments just hours after President Donald Trump unveiled the huge project on the White House on his first full day in office.</p>
<p>“They actually don’t have the money,” Musk wrote in response to an OpenAI post on his social platform X in regards to the recent company, called the Stargate Project.</p>
<p>“SoftBank has secured significantly less than $10 billion. I have this on good authority,” Musk added in a subsequent post. </p>
<p>Musk is by far Trump&#39;s biggest donor within the 2024 election and is currently leading a significant White House government efficiency effort.</p>
<p><span></span><span></span></p>
<p>On Wednesday morning, OpenAI CEO Sam Altman responded on to Musk.</p>
<p>“I truly respect your achievements and think you are the most inspiring entrepreneur of our time,” Altman wrote on X.</p>
<p>But Musk&#39;s claim about SoftBank&#39;s liquidity was &#8220;false, as I&#39;m sure you know,&#8221; Altman wrote in a follow-up post.</p>
<p>“I realize that what is great for the country is not always what is best for your company, but I hope you will do the most in your new role [American flag emoji] first,” he added.</p>
<p><span></span></p>
<p>OpenAI and Oracle didn&#8217;t immediately reply to CNBC&#39;s request for comment on Musk&#39;s claim. Softbank declined to comment.</p>
<p>Musk&#39;s post about Softbank was &#8220;far from reality,&#8221; in line with an individual aware of the AI ​​project who was granted anonymity to debate the situation.</p>
<p>“There is no doubt” that Musk’s troubled relationship with Altman was the catalyst for his posts about Stargate, the person added.  </p>
<p>Musk&#39;s comments undermined Trump&#39;s announcement Tuesday afternoon that Stargate would &#8220;invest at least $500 billion&#8221; and create &#8220;over 100,000 American jobs almost immediately.&#8221;</p>
<p>“I think it will be very special. It will lead to something that could be the greatest thing of all,” Trump said.</p>
<p>During his speech, Trump was flanked by Altman, Oracle co-founder Larry Ellison and Softbank CEO Masayoshi Son.</p>
<p>Ellison said on the event that 10 data centers, each 500,000 square feet each, are already being in-built Abilene, Texas, and that 10 more are within the works.</p>
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<p>Musk, who leads Trump&#39;s recent Advisory Board on Government Efficiency, <a href="https://www.nbcnews.com/politics/donald-trump/investment-firm-ceo-vivek-ramaswamys-spot-doge-rcna188575" target="_blank">DOGE</a>He has a strained relationship with Altman.</p>
<p>In March, Musk and his AI startup xAI sued OpenAI for breach of contract. Musk later dropped the lawsuit and sued Altman in federal court.</p>
<p>Altman&#39;s response to</p>
<p>“I may be wrong, but I firmly believe that Elon will do the right thing,” Altman said in December when asked if he was anxious about how Musk might wield his influence within the White House .</p>
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<h2 class="RelatedContent-header">Read more about CNBC&#39;s politics coverage</h2>
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<p>OpenAI said in Tuesday&#39;s X statement that Stargate will &#8220;immediately begin deploying $100 billion.&#8221;</p>
<p>According to the post, Son will probably be chairman of the brand new company, whose initial investors include SoftBank, OpenAI, Oracle and UAE-based lender MGX.</p>
<p>News of the infrastructure initiative sent Oracle shares up 7% on Tuesday.</p>
<p><span></span></p>
<p>OpenAI&#39;s contribution can also be listed <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    as one in every of its key initial technology partners at Stargate. The company announced earlier this month that it plans to speculate $80 billion in AI-enabled data centers in the subsequent fiscal yr.</p>
<p>Asked about Stargate on CNBC&#39;s &#8220;Squawk Box&#8221; on Wednesday, Microsoft CEO Satya Nadella said, &#8220;I&#39;m not particularly specific about what they&#39;re investing.&#8221;</p>
<p>Asked about Musk&#39;s posts questioning Stargate&#39;s funding, Nadella replied: &#8220;Look, all I know is I&#39;m good for my $80 billion.&#8221;</p>
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<p><em>image credit : www.cnbc.com</em></p>
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