Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Musk and Altman spar over 'Stargate' AI venture hyped by Trump

Jan 22, 2025 - financialpost.com
Elon Musk and Sam Altman are publicly clashing over a new AI venture called Stargate, announced by President Donald Trump. The initiative, which includes SoftBank's Masayoshi Son and Oracle's Larry Ellison, aims to invest up to $500 billion in AI infrastructure. Musk expressed skepticism about the financial commitments, claiming SoftBank lacks the necessary funds. Altman countered Musk's claims, suggesting Musk's criticism stems from competition with his own AI projects. The announcement has raised doubts about its feasibility and whether it represents new investments or repackaged commitments.

Musk's involvement in Trump's administration, specifically in the Department of Government Efficiency, has sparked concerns about potential conflicts of interest, particularly regarding Tesla and SpaceX. Despite Musk's financial support for Trump's reelection, his outspoken nature on social media could pose challenges for the administration. Meanwhile, the White House claims the Stargate project will create at least 100,000 jobs, urging trust in the promises made by Trump and the CEOs involved.

Key takeaways:

  • Elon Musk questioned the financial viability of the Stargate AI venture announced by President Trump, suggesting that companies involved may not have the necessary funds.
  • The Stargate project, involving SoftBank, OpenAI, and Oracle, aims to invest up to US$500 billion in AI infrastructure, but skepticism exists about its feasibility.
  • Musk's role in the Trump administration has raised concerns about potential conflicts of interest and his influence on government policies affecting his businesses.
  • White House Press Secretary Karoline Leavitt claimed the Stargate initiative would create at least 100,000 new jobs, urging trust in the promises made by Trump and the CEOs involved.
View Full Article

Comments (0)

Be the first to comment!