‘They simply don't': Elon Musk renew concerns over OpenAI's ability to fund $500 billion Stargate project
Tesla
CEO
Elon Musk
has once again expressed his skepticism over Stargate – a $500 billion AI project that involves
OpenAI
,
Oracle
,
Microsoft
and Softbank. An X (formerly Twitter) user NIK @ns123abc recently shared a post where he wrote 'OpenAI and
Softbank
at odds struggling with
Stargate project
after 6 months of delay and have sharply scaled back its near-term plans,' quoting a report by The Wall Street Journal. To this, Musk replied 'They simply don't,' reaffirming his doubts about whether companies involved in AI projects (OpenAI and Softbank specifically as mentioned in the post) actually have the money to make it work.
President Trump announced the $500 billion AI project, called 'Stargate' in January early this year to develop
AI infrastructure
in the United States. Shortly after the announcement, Elon Musk raised doubts over the financial capabilities of the companies. Questioning the funding, Musk responded to an OpenAI post about deploying $100 billion. He then said, 'They don't actually have the money.' 'SoftBank has well under $10B secured. I have that on good authority,' he stated in another post.
OpenAI CEO
Sam Altman
then responded to Musk, saying 'wrong, as you surely know. want to come visit the first site already under way? this is great for the country. i realize what is great for the country isn't always what's optimal for your companies, but in your new role i hope you'll mostly put 🇺🇸 first.'
SoftBank and OpenAI disagree over Stargate key decisions: Report
by Taboola
by Taboola
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According to a Reuters report, SoftBank and OpenAI have been at odds over critical terms of the partnership. Quoting The Wall Street Journal report, it says that the companies are now expected to start with a smaller data center by the end of this year—likely in Ohio.
The original vision included generating over 100,000 jobs and deploying $100 billion upfront, with the rest to follow in the next four years.
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