Elon Musk Not Going Through the Stargate! By Chris Knight (Florida)
President Trump's Stargate AI project, all $ 500 billion, was announced in a press conference with the main AI and IT players being present. Only a little while after the Chinese tipped cold water over this project with the release of DeepSeek, which was open source and achieved really cheaply, constituting an embarrassment to the US Big Tech people who were tossing around billions, like hay. That is if they had the money in the first place.
Elon Musk, who was excluded from the group, said that these technocrats did not have the billions. "SoftBank has well under $10B secured. I have that on good authority," Musk added in a follow-up post. But Microsoft CEO Satya Nadella, said "Look, all I know is, I'm good for my $80 billion."
Musk is involved in a lawsuit against OpenAI about the organization's conversion into a for-profit company, so that may have led to his sour grapes as Trump carefully suggested in one interview. Whether it happens or not, we will see, since none of us has access to any real information on this. The money wasted on the Ukraine War would have put the US far ahead of China in AI.
"Elon Musk threw cold water on President Donald Trump's AI Stargate Project by claiming that billionaire investors involved in the project with OpenAI "don't actually have the money."
"They don't actually have the money," Musk said of billionaire investors in a Tuesday X post, responding to OpenAI's X post announcing its Stargate project.
In its post, OpenAI announced, "The Stargate Project" as "a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States."
"We will begin deploying $100 billion immediately," OpenAI said. "This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world."
"This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies," the AI company continued.
OpenAI also noted that its "initial equity funders" include SoftBank, OpenAI, Oracle, and MGX, and that Arm, Microsoft, NVIDIA, Oracle, and OpenAI are "the key initial technology partners."
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"All of us look forward to continuing to build and develop AI — and in particular AGI — for the benefit of all of humanity," OpenAI said. "We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity."
On Tuesday, President Trump was joined in the White House by SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle CEO Larry Ellison in announcing the project.
"SoftBank has well under $10B secured. I have that on good authority," Musk added in a follow-up post, after insisting the investors "don't actually have the money."
On Wednesday, CNBC News told Microsoft CEO Satya Nadella, "Elon Musk took to Twitter and said, 'They don't have the money. The money doesn't exist,' as if this is not really going to happen."
"What do you think of that?" CNBC News asked, to which Nadella replied, "Look, all I know is, I'm good for my $80 billion."
Musk is embroiled in a lawsuit against OpenAI about the organization's conversion into a for-profit company."
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