Donald Trump reacts to Elon Musk’s claim, addressing the lack of funding for Musk’s ambitious $500 billion AI project.
Recently, Elon Musk made headlines by questioning the funding for Donald Trump’s ambitious AI project, known as Stargate.
This initiative is reputed to be the largest AI infrastructure project in history, aiming to significantly enhance the United States’ position in artificial intelligence.
Musk’s remarks have drawn a response from Trump, who has a long-standing relationship with the tech billionaire.
Overview of the Stargate Project
The Stargate project plans to build data centers across the United States to support the development of AI technologies.
Construction is currently underway in Texas, with additional sites being considered throughout the country.
The initiative is backed by seven major companies, each contributing to a total investment that could reach $500 billion.
According to OpenAI, the organization behind ChatGPT, Stargate aims to secure the United States’ leadership in AI, create hundreds of thousands of jobs, and generate significant economic benefits globally.
The project is also viewed as a way to enhance national security for the U.S. and its allies.
“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,” it continued.
Key players involved
Several influential figures are involved in the Stargate initiative, including Larry Ellison, Chief Technology Officer at Oracle; Sam Altman, CEO of OpenAI; and Masayoshi Son, CEO of SoftBank.
These leaders are expected to play crucial roles in shaping the project’s direction and success.
The Stargate project has secured $100 billion in immediate funding, with a total investment of $500 billion planned by 2029.
This funding is essential for building the necessary infrastructure to support the AI development goals set out by the stakeholders.
Musk’s criticism
Elon Musk, known for his direct communication style, took to Twitter to express skepticism about the project’s financial backing.
He claimed, “They don’t actually have the money,” referring specifically to SoftBank’s investment.
Musk later added that SoftBank has “well under $10B secured” based on reliable information he trusts.
“SoftBank has well under $10B secured. I have that on good authority.”
His criticism appears to stem from a long-standing feud with Sam Altman, which adds a personal layer to his comments about the Stargate initiative.
Donald Trump addresses Elon Musk’s statement about lack of funding for $500 billion AI project
During a recent event in the Oval Office, Trump was asked about Musk’s statements.
He downplayed the criticism, stating, “No, he hates one of the people in the deal.”
Trump emphasized that the individuals involved in Stargate are highly intelligent and capable, despite Musk’s personal grievances.
He added: “People in the deal are very, very smart people. But Elon – one of the people, he happens to hate. But I have certain hatreds of people, too.”
He also highlighted the urgency of the project, saying, “I’m going to help a lot through emergency declarations because we have an emergency.”
This suggests that he views Stargate as a critical step for the future of AI in the United States.
Major companies involved
The Stargate project has attracted a diverse group of investors and technology partners, including SoftBank from Japan, MGX, the UAE AI investment arm, OpenAI, Oracle, Microsoft, NVIDIA, and Arm.
These companies will collaborate closely to ensure the project’s success, with Oracle, NVIDIA, and OpenAI working together to build and operate the computing systems needed for Stargate.