Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters

    June 30, 2025

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025

    Presidency to Obi: Tinubu Not In Saint Lucia For Vacation

    June 30, 2025
    Facebook X (Twitter) Instagram
    Trending
    • 2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters
    • FirstBank Launches Advanced Facial Recognition On Mobile App
    • Presidency to Obi: Tinubu Not In Saint Lucia For Vacation
    • Kano Governor Leads Delegation To Saudi For Dantata’s Burial
    • Ganduje Resigns As APC National Chairman
    • NAPTIP Declares Speed Darlington Wanted Over Rape Allegations
    • PDP BoT Rejects Anyanwu’s Reinstatement As National Secretary
    • Tinubu Signs Four Landmark Tax Reform Bills Into Law
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Monday, June 30
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Elon Musk Casts Doubt On Trump’s $500 Billion AI Project Funding
    2 Mins ReadJanuary 22, 2025

    Elon Musk Casts Doubt On Trump’s $500 Billion AI Project Funding

    By Amina MohammedJanuary 22, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Elon Musk on Wednesday cast doubt 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 were a rare instance of a split between the world’s richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.

    In his first full day in the White House, Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI.

    Trump said the venture, called Stargate, “will invest $500 billion, at least, in AI infrastructure in the United States.”

    But in a post on his social media platform X, Musk said the main investors “don’t actually have the money.”

    “SoftBank has well under $10B secured. I have that on good authority,” Musk added in a subsequent post.

    Musk’s sideswipe could be particularly targeted at OpenAI, the world’s leading AI startup that Musk helped found, before leaving in 2018.

    The Tesla boss and OpenAI chief executive Sam Altman, who was present at the White House on Tuesday, have been mired in a serious feud, with Musk opening repeated lawsuits against the company behind ChatGPT.

    OpenAI is one of the world’s highest valued startups, but loses money on the high costs of turning out its expensive technology.

    According to the Wall Street Journal, cloud giant Oracle, which is also involved, has about $11 billion in cash and securities. SoftBank has roughly $30 billion of cash on hand.

    The Stargate project is committed to invest an initial $100 billion and up to $500 billion over the next four years in the project.

    AFP

    Author

    • Amina Mohammed
      Amina Mohammed

      View all posts
    Elon Musk
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Amina Mohammed

    Related Posts

    Breaking News

    2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters

    June 30, 2025
    Featured

    Presidency to Obi: Tinubu Not In Saint Lucia For Vacation

    June 30, 2025
    Featured

    Kano Governor Leads Delegation To Saudi For Dantata’s Burial

    June 30, 2025
    Breaking News

    Ganduje Resigns As APC National Chairman

    June 27, 2025
    Entertainment

    NAPTIP Declares Speed Darlington Wanted Over Rape Allegations

    June 27, 2025
    Featured

    PDP BoT Rejects Anyanwu’s Reinstatement As National Secretary

    June 27, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters

    June 30, 2025

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025

    Presidency to Obi: Tinubu Not In Saint Lucia For Vacation

    June 30, 2025

    Kano Governor Leads Delegation To Saudi For Dantata’s Burial

    June 30, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.