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mahatmakanejeeves

(62,374 posts)
Tue Jan 21, 2025, 03:58 PM Jan 21

Trump to announce up to $500 billion in private sector AI infrastructure investment

Source: CBS News

Politics
Trump to announce up to $500 billion in private sector AI infrastructure investment

By Jennifer Jacobs
Updated on: January 21, 2025 / 1:38 PM EST / CBS News

President Trump is set to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States, CBS News has learned. ... OpenAI, Softbank and Oracle are planning a joint venture called Stargate, according to multiple people familiar with the deal.

SoftBank CEO Masayoshi Son is expected at the White House Tuesday afternoon, along with Sam Altman of OpenAI and Larry Ellison of Oracle.

Executives from the companies are expected to say they plan to commit $100 billion initially and pour up to $500 billion into Stargate over the next four years. Other details of the new partnership were not immediately available.

Spokespeople for SoftBank and OpenAI declined to comment.

{snip}

Read more: https://www.cbsnews.com/news/trump-announces-private-sector-ai-infrastructure-investment/



https://thehill.com/homenews/administration/5098477-watch-live-trump-infrastructure-announcement/

Administration
Watch live: Trump infrastructure announcement
by TheHill.com - 01/21/25 3:15 PM ET

{video player}

President Trump is expected to make an infrastructure announcement on Tuesday, one day after he was sworn in for a second term and signed a flurry of executive actions.

Trump's remarks are expected to begin at 4 p.m. EST.

Watch live in the video player above.
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Trump to announce up to $500 billion in private sector AI infrastructure investment (Original Post) mahatmakanejeeves Jan 21 OP
What's his cut of the 500 billion? Autumn Jan 21 #1
Yeah...everything is a GRIFT of some kind. Maybe just a 10% stiphen? Bengus81 Jan 21 #2
He would never settle for 10%. Autumn Jan 21 #4
Is this where his 50 billion memecoin profit came from? niyad Jan 21 #19
You know that 50 billion tanked within hours...something like 60+%. Will fall further in the next few days/wks PortTack Jan 21 #31
Hehe...My 1st thought exactly. I sent the news to a friend of mine who does some AI, told him to enhance his skills Escurumbele Jan 22 #70
Nice to see him helping the poor and the homeless. milestogo Jan 21 #3
Yes, good to see the Bishop's plea for mercy for the people was taken to heart 🙃 Deuxcents Jan 21 #32
He will say.... sheshe2 Jan 22 #47
We need to hope that effort will create jobs in the tech industry, and yes, I am sure most of the money will go Escurumbele Jan 22 #72
$500 Billion grift for his rich friends, but no money for SS, medicare, education, healthcare. Irish_Dem Jan 21 #5
This is private sector money that is funding the project. It is right in the title of the OP. nt kelly1mm Jan 22 #38
Title says investment IN private sector not BY the private sector. It is right in the title. Irish_Dem Jan 22 #57
It is by the 3 companies (Oracle, SoftBank, Open AI). No taxpayer funds. They are not 'giving' their money kelly1mm Jan 22 #59
Muck benefits big time from that govt largesse. He is big into AI, deep, as they say. . . . .nt Bernardo de La Paz Jan 21 #6
It's clear by now that the goal of the entire TFG regime is to perform a Blue_Tires Jan 21 #7
Don't trust trump on this, but Mark Cuban is right that countries that support AI will do best in future. Silent Type Jan 21 #8
Which is Cuban's vision of the world: Bidens or the Oligarchs? in2herbs Jan 21 #26
"Stargate" is a sci-fi movie from thirty years ago. Great originality,, guys JustABozoOnThisBus Jan 21 #9
Meh. Igel Jan 21 #16
I doubt that Felon47 knows what warp speed means, or where it's from. LastLiberal in PalmSprings Jan 22 #45
Its the effect, not the name or its fictional history. What Operation Warp Speed did was develop a Covid Vaccine in 24601 Jan 22 #62
I confess - I saw the movie. yellow dahlia Jan 21 #28
Stargate, The Matrix, 1984, it's as if they base their product on bastardized versions of fuckin' movies. Crowman2009 Jan 22 #64
That's about $450 billion too much. patphil Jan 21 #10
Why shouldn't the govt keep their finger in the whole thing? Privatization is what has gotten us to where we are today. in2herbs Jan 21 #27
This is private sector money only. It is in the title to the OP. $0 taxpayer money. nt kelly1mm Jan 22 #39
What taxpayer money are you referring to? MichMan Jan 22 #68
He finally showed up, an hour and fifteen minutes late. AI seems not too good at winding watches. mahatmakanejeeves Jan 21 #11
Most of that should go for infrastructure... Shipwack Jan 21 #12
Meanwhile PHYSICAL infrastructure is failing pfitz59 Jan 21 #13
LOL. Musk just got a huge "return" on his "investmant" PSPS Jan 21 #14
Here we go again. Rainman4u2C Jan 21 #15
I'm trying to figure out the same thing. yellow dahlia Jan 21 #29
Private sector money for now but plenty of room for grifting later Bengus81 Jan 22 #60
There may be some short term job creation, but AI will undoubtedly result in far more job losses than gains. patphil Jan 22 #69
So we have no money to keep the government running, but we have $500 billion for Trump's AI bros? WTF. Initech Jan 21 #17
This is all private sector money. It is right in the title of the OP. $0 taxpayer money. nt kelly1mm Jan 22 #40
The taxpayers WILL be hit happybird Jan 22 #53
This is just one small step . . . Aussie105 Jan 21 #18
The real question with AI is The Madcap Jan 21 #20
AI is fine as long as it's for scientific/academic research for details that would take forever with current... Crowman2009 Jan 22 #65
Anyone who trusts these people with AI, is playing with fire. JohnSJ Jan 21 #21
As the promoter he'll definitely get a cut of this. They'll run AI as first to market. ancianita Jan 21 #22
The payroll taxes alone will pay off the deficit! bluedigger Jan 21 #23
The private sector and private lending and capital markets are doing fine without government subsidies bucolic_frolic Jan 21 #24
There is 0 tax dollars going into this. It is PRIVATE SECTOR investment. nt kelly1mm Jan 22 #41
So what is Trump giving them in return for him announcing it KPN Jan 22 #48
Having the new 'strong man' leader of the country, who adores adulation over anything, have good vibes about kelly1mm Jan 22 #52
People at this level of income never spend their own money. But, if as they say, they are willing to invest in2herbs Jan 21 #25
surprise, right? 4catsmom Jan 21 #30
to go to Zuck azureblue Jan 21 #33
Everything he touches dies...that goes for the young t-rump as well. PortTack Jan 21 #34
AI is just like Trump Yo_Mama_Been_Loggin Jan 21 #35
Trump's seig heiling little buddy Musk is not going to like that. LudwigPastorius Jan 21 #36
All without a competitive grant process iemanja Jan 21 #37
Why would these private companies need to go through a grant process to spend their own money? This is kelly1mm Jan 22 #42
They do iemanja Jan 22 #43
This is not a government funded or sponsored endeavor. This is a new AI company collaboration between kelly1mm Jan 22 #49
With $500 billion in federal funds iemanja Jan 22 #61
$0 in federal funds. All the funds are coming from the 3 companies. Details are in the article. nt kelly1mm Jan 22 #67
I would like to politely suggest that you read about private sector investments because there are in2herbs Jan 22 #44
Not this one. Fully funded by Oracle, SoftBank and Open AI. It is in the article posted. nt kelly1mm Jan 22 #50
Sounds like Skynet is only a heartbeat away... Ford_Prefect Jan 22 #46
What the fuck is that? OAITW r.2.0 Jan 22 #51
I figure that this is how we'll eventually get SkyNet and Terminators Mr. Scorpio Jan 22 #54
Payment for their support to get him into office. cstanleytech Jan 22 #55
I don't think... 2naSalit Jan 22 #56
I have a feeling Trump is taking credit for Biden's Cancer Moonshot LiberalArkie Jan 22 #58
This corporate-hyped version of AI serves no purpose for the general public. Crowman2009 Jan 22 #63
Great -- taxpayer-funded pro-Putin bots. nt eppur_se_muova Jan 22 #66
I mean, it's not like that money needs to go to roads, buildings, bridges, etc. sakabatou Jan 22 #71
Musk Pours Cold Water on Trump-Backed Stargate AI Project mahatmakanejeeves Jan 22 #73
Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don't 'have the money' mahatmakanejeeves Jan 22 #74
So typical of the orange idiot, but I'm sure the stupids will fall for it Sailingdiver Thursday #75

Bengus81

(7,712 posts)
2. Yeah...everything is a GRIFT of some kind. Maybe just a 10% stiphen?
Tue Jan 21, 2025, 04:07 PM
Jan 21

Kick back $50 billion to Trump..............

PortTack

(35,111 posts)
31. You know that 50 billion tanked within hours...something like 60+%. Will fall further in the next few days/wks
Tue Jan 21, 2025, 10:15 PM
Jan 21

Escurumbele

(3,697 posts)
70. Hehe...My 1st thought exactly. I sent the news to a friend of mine who does some AI, told him to enhance his skills
Wed Jan 22, 2025, 12:20 PM
Jan 22

because that could be a great opportunity for him "if they don't steal the money first"...

Escurumbele

(3,697 posts)
72. We need to hope that effort will create jobs in the tech industry, and yes, I am sure most of the money will go
Wed Jan 22, 2025, 12:35 PM
Jan 22

to those who contributed to his campaign, inauguration and most probably offer him "commissions" for doing this, but for the rest of us, it should open opportunities, if done right, which is always a big IF with these crooks.

I hate to say this but, I read a lot of complaining here in DU, but we need to stop complaining and do many things to win this battle, because it is a battle against Democracy.

1. Lets take on the opportunities that open up for all of us, there may not be plenty, like the one being discussed on this post, so the more reason to jump at them ASAP. I for one intend to take some AI classes online.

2. Because we are all aware of the gross evil actions these people are going to carry out, then lets make sure everyone learns about them, lets make sure that with our efforts we help to open people's eyes so that come next election all these crooks are out of office.

3. Lets just read the important information that is thrown at us and avoid the "trump did this stupid thing, said this horrible thing, told this lie" because we know that is going to happen, and the more we talk about it, the more strength we give the buffoon.

4. We don't need to tell everyone every day, mostly to trumpists, how we feel about the situation, sometimes silence is the best weapon while we work on the other things I point out here. We can rant here at DU, and exchange our thoughts with peers from the same Democratic party and love for the country, we have DU to do that while not exposing ourselves to retaliation, we must be able to do the things that will get the crooks out of power, no wonder big projects and military projects go on stealth mode until ready.

5. AND MOST IMPORTANT, lets lift our spirits, lets be positive because doing so gives us strength to do the things we need to do to help those who voted for these thugs why they made a mistake. We have four years to get many of those people on our side, and I know they will come because not everyone is that stupid, when people suffer they wake up, we all know people ARE going to suffer due to the draconian actions of these criminals.

kelly1mm

(5,526 posts)
38. This is private sector money that is funding the project. It is right in the title of the OP. nt
Wed Jan 22, 2025, 12:04 AM
Jan 22

Irish_Dem

(62,144 posts)
57. Title says investment IN private sector not BY the private sector. It is right in the title.
Wed Jan 22, 2025, 08:03 AM
Jan 22

Ha ha private sector money is being used.

Private sector money is made by ripping off the US taxpayer and consumer.

Anything the rich spend comes from the average guy.
I assure you nothing comes out of their own pockets.

They didn't get rich by giving their money away.

kelly1mm

(5,526 posts)
59. It is by the 3 companies (Oracle, SoftBank, Open AI). No taxpayer funds. They are not 'giving' their money
Wed Jan 22, 2025, 08:16 AM
Jan 22

away. They are forming a joint venture.

 

Blue_Tires

(57,596 posts)
7. It's clear by now that the goal of the entire TFG regime is to perform a
Tue Jan 21, 2025, 04:28 PM
Jan 21

mass transfer of wealth from the government sector to the private sector....

Only then when Donnie has looted the last penny, he'll claim the federal government is insolvent AND THEN he'll have his official justification to seize social security...

Silent Type

(7,880 posts)
8. Don't trust trump on this, but Mark Cuban is right that countries that support AI will do best in future.
Tue Jan 21, 2025, 04:28 PM
Jan 21

"Despite these challenges, which he believes could take years to overcome, Cuban doesn’t think AI is overhyped. Instead, he emphasized the importance of U.S. investment in the technology, warning that global stability depends on it. “Our military dominance, our place in the world depends on our ability to invest in AI,” Cuban told Wired. “Period. End of story.”"

JustABozoOnThisBus

(23,920 posts)
9. "Stargate" is a sci-fi movie from thirty years ago. Great originality,, guys
Tue Jan 21, 2025, 04:32 PM
Jan 21

I think the movie was easily worth two stars.

Igel

(36,485 posts)
16. Meh.
Tue Jan 21, 2025, 06:54 PM
Jan 21

"Warp Speed" wasn't exactly an original coinage.

What did you expect, "ÀIqián" (爱钱 ?

45. I doubt that Felon47 knows what warp speed means, or where it's from.
Wed Jan 22, 2025, 12:29 AM
Jan 22

It just sounds good to him, like "space force" or "tariffs."

BTW, one day a warp speed spaceship may be possible.

24601

(4,045 posts)
62. Its the effect, not the name or its fictional history. What Operation Warp Speed did was develop a Covid Vaccine in
Wed Jan 22, 2025, 09:16 AM
Jan 22

time to enable both POTUS-elect Biden and VPOTUS-elect Harris to receive their first Covid vaccinations in December 2020. No one can accurately or reasonably argue that Warp Speed didn't save countless lives.

"Outside clinical trials, the first COVID‐19 vaccine was administered on 8 December 2020. Researchers aimed to quantify the global impact of the first year of COVID‐19 vaccination programmes [sic] using mathematical modelling to fit COVID‐19 transmission and vaccination to reported COVID‐19 mortality and all‐cause excess mortality in 185 countries and territories. 1 They determined the number of lives lost if there had been no vaccines. Based on reported COVID‐19 deaths, vaccinations prevented an estimated 14.4 million deaths (95% credible interval [Crl] 13.7–15.9) from COVID‐19 in a year. However, if excess deaths were used, this estimate rose to 19.8 million (95% Crl 19.1–20.4) deaths prevented (Fig. 1), equating to a global reduction of 63% in total deaths (19.8 million of 31.4 million) during the first year of COVID‐19 vaccination. Delivery of vaccines to low‐income countries has been far lower than promised. 2 In COVID‐19 Vaccines Global Access (COVAX) Advance Market Commitment countries, an estimated 7.4 million [95% Crl 6.8–7.7] of 17.9 million excess deaths were prevented, but millions more lives could have been saved with better coverage. COVID‐19 vaccination altered the pandemic course, saving tens of millions of lives globally. However, vaccines had less effect in low‐income countries due to inadequate access, emphasising [sic] the importance of global vaccine equity."

https://pmc.ncbi.nlm.nih.gov/articles/PMC9537923/


Crowman2009

(2,929 posts)
64. Stargate, The Matrix, 1984, it's as if they base their product on bastardized versions of fuckin' movies.
Wed Jan 22, 2025, 09:19 AM
Jan 22

As opposed to say....facts and logic? I know that doesn't sell according to these dickheads, but boring details get results and don't waste money.

patphil

(7,283 posts)
10. That's about $450 billion too much.
Tue Jan 21, 2025, 05:24 PM
Jan 21

This is a huge payout of taxpayer money to the private sector. How about $50 billion over the next 10 years.
Let them use their own money. It's going to be a huge money maker for the private sector, and we just need to keep our finger in the pie, not buy the whole thing.

in2herbs

(3,370 posts)
27. Why shouldn't the govt keep their finger in the whole thing? Privatization is what has gotten us to where we are today.
Tue Jan 21, 2025, 09:54 PM
Jan 21

MichMan

(13,916 posts)
68. What taxpayer money are you referring to?
Wed Jan 22, 2025, 10:40 AM
Jan 22

The three companies mentioned are investing their own money.

mahatmakanejeeves

(62,374 posts)
11. He finally showed up, an hour and fifteen minutes late. AI seems not too good at winding watches.
Tue Jan 21, 2025, 05:24 PM
Jan 21

Trump hasn't changed a bit. It's the same damn word salad you had to put up with in 2017.

Shipwack

(2,393 posts)
12. Most of that should go for infrastructure...
Tue Jan 21, 2025, 06:11 PM
Jan 21

Our electrical grid is barely keeping pace now with the demands of AI. Improving electrical power and storage would help everyone.

But it won’t be spent on that. Not sexy enough. Not enough opportunities to grift.

pfitz59

(11,204 posts)
13. Meanwhile PHYSICAL infrastructure is failing
Tue Jan 21, 2025, 06:15 PM
Jan 21

due to deferred Maintenace and reconstruction. I imagine the investors will get tax breaks while reaping all the benefits.

Rainman4u2C

(19 posts)
15. Here we go again.
Tue Jan 21, 2025, 06:38 PM
Jan 21

I'm sure there's a grift in there somewhere but this is supposedly private sector money not tax money.

Bengus81

(7,712 posts)
60. Private sector money for now but plenty of room for grifting later
Wed Jan 22, 2025, 08:25 AM
Jan 22

Data centers,electrical infrastructure.

Trump claims 100,000 jobs almost "immediately". Sure...just like your Foxconn debacle Trump??

patphil

(7,283 posts)
69. There may be some short term job creation, but AI will undoubtedly result in far more job losses than gains.
Wed Jan 22, 2025, 10:58 AM
Jan 22

Initech

(103,113 posts)
17. So we have no money to keep the government running, but we have $500 billion for Trump's AI bros? WTF.
Tue Jan 21, 2025, 08:03 PM
Jan 21

kelly1mm

(5,526 posts)
40. This is all private sector money. It is right in the title of the OP. $0 taxpayer money. nt
Wed Jan 22, 2025, 12:07 AM
Jan 22

happybird

(5,305 posts)
53. The taxpayers WILL be hit
Wed Jan 22, 2025, 03:00 AM
Jan 22

as our power bills keep going up. We'll see how long it takes before we enter the rolling blackout era around here.

Sending my regards from the data center capital of the world.
Yay.

Aussie105

(6,612 posts)
18. This is just one small step . . .
Tue Jan 21, 2025, 08:18 PM
Jan 21

in Trump's total destruction of America as we know it.

He's had 4 years to plot his revenge, don't you know!

The Madcap

(824 posts)
20. The real question with AI is
Tue Jan 21, 2025, 08:34 PM
Jan 21

what do you intend to do with it. If you're wanting to make people's work easier or to use it as a tool to help analyze data better, then fine. It would be worth a large investment. If we're just going to use it to replace workers, leaving real people with no income, then we're heading toward a dead end, literally. If we're just going to make memes and draw six-fingered humans, then we're wasting our time with it.

The curse of technologies like this is that no one seems to know exactly what they want to do with it and then when they do know, they are deathly afraid to communicate it to the masses. If I were a betting man, I'd say they are wanting to replace paid workers with it so they don't have to pay them anymore.

Crowman2009

(2,929 posts)
65. AI is fine as long as it's for scientific/academic research for details that would take forever with current...
Wed Jan 22, 2025, 09:21 AM
Jan 22

...computing systems.

ancianita

(39,260 posts)
22. As the promoter he'll definitely get a cut of this. They'll run AI as first to market.
Tue Jan 21, 2025, 08:53 PM
Jan 21

What could possibly go wrong.

bucolic_frolic

(48,219 posts)
24. The private sector and private lending and capital markets are doing fine without government subsidies
Tue Jan 21, 2025, 09:12 PM
Jan 21

Trump is the no-government, free market guy!! Don't you know?

This result of this hosing of the taxpayer will be overcapacity and a crash for all AI stocks.

Watching AI stocks tomorrow ... should be a reaction to this largesse.

KPN

(16,268 posts)
48. So what is Trump giving them in return for him announcing it
Wed Jan 22, 2025, 02:12 AM
Jan 22

as if he is responsible for it? Do you think those companies would simply give Trump credit for it without something very significant in return? So what would that be? Perhaps more leverage over future federal policy and stimulus?

kelly1mm

(5,526 posts)
52. Having the new 'strong man' leader of the country, who adores adulation over anything, have good vibes about
Wed Jan 22, 2025, 02:19 AM
Jan 22

you and your companies is probably enough for them to come in and sig his praises.

I am absolutely AMAZED the difference in the business (especially tech) sector comparing 2017 and 2025. The knee is definitely being bent ......

in2herbs

(3,370 posts)
25. People at this level of income never spend their own money. But, if as they say, they are willing to invest
Tue Jan 21, 2025, 09:50 PM
Jan 21

and build this AI infrastructure with their own money they should be monitored by the IRS and Congress to make sure that they are not taking any tax advantages, grant money, or other govt funding -- because that's OUR money! Also it shouldn't be allowed to move forward until govt regulations are in place about AI and privacy.

What exactly is their definition of "private money?" And if it's such an altruistic endeavor why didn't they announce it while Biden was president?

Didn't Ellison just lose 10 beachfront houses in the CA fires??

LudwigPastorius

(11,421 posts)
36. Trump's seig heiling little buddy Musk is not going to like that.
Tue Jan 21, 2025, 11:43 PM
Jan 21

He'll be miffed that his xAI didn't get a seat at the public trough.

kelly1mm

(5,526 posts)
42. Why would these private companies need to go through a grant process to spend their own money? This is
Wed Jan 22, 2025, 12:12 AM
Jan 22

PRIVATE SECTOR investment, not tax dollars.

iemanja

(55,306 posts)
43. They do
Wed Jan 22, 2025, 12:22 AM
Jan 22

The Government takes competitive applications. That's the usual way things are done.

kelly1mm

(5,526 posts)
49. This is not a government funded or sponsored endeavor. This is a new AI company collaboration between
Wed Jan 22, 2025, 02:14 AM
Jan 22

Oracle, SoftBank and Open AI.

kelly1mm

(5,526 posts)
67. $0 in federal funds. All the funds are coming from the 3 companies. Details are in the article. nt
Wed Jan 22, 2025, 10:10 AM
Jan 22

in2herbs

(3,370 posts)
44. I would like to politely suggest that you read about private sector investments because there are
Wed Jan 22, 2025, 12:27 AM
Jan 22

tax dollars connect to it.

kelly1mm

(5,526 posts)
50. Not this one. Fully funded by Oracle, SoftBank and Open AI. It is in the article posted. nt
Wed Jan 22, 2025, 02:15 AM
Jan 22

Ford_Prefect

(8,258 posts)
46. Sounds like Skynet is only a heartbeat away...
Wed Jan 22, 2025, 01:07 AM
Jan 22

It is quite clear that DJT lives in a fantasy world. Now we'll have the world we live in run by the ultra rich who own the junkware that writes its own stories. A fact free world to suit a fact free dominion. I can hardly wait...No more Gravity and Momentum required.

If you can't stand the sarcasm get out of the kitchen while you still can.

OAITW r.2.0

(29,161 posts)
51. What the fuck is that?
Wed Jan 22, 2025, 02:17 AM
Jan 22

Sounds like a $500BB give away to the people that delivered him the Presidency.

Mr. Scorpio

(73,724 posts)
54. I figure that this is how we'll eventually get SkyNet and Terminators
Wed Jan 22, 2025, 03:04 AM
Jan 22

No fate, but the one we make

2naSalit

(94,642 posts)
56. I don't think...
Wed Jan 22, 2025, 07:18 AM
Jan 22

He has that much in his budget nor has Congress allotted close to that much for him to have access to control.

Just like his ego, his imagination is massive.

Crowman2009

(2,929 posts)
63. This corporate-hyped version of AI serves no purpose for the general public.
Wed Jan 22, 2025, 09:17 AM
Jan 22

It's a total waste of resources that amounts to nothing but stock holder hype.

mahatmakanejeeves

(62,374 posts)
73. Musk Pours Cold Water on Trump-Backed Stargate AI Project
Wed Jan 22, 2025, 01:25 PM
Jan 22
Musk Pours Cold Water on Trump-Backed Stargate AI Project
Billionaire says companies behind the project don’t have enough money to follow through on pledges

By Brian Schwartz
https://twitter.com/schwartzbWSJ
brian.schwartz@wsj.com
https://www.linkedin.com/in/brianschwartz7/
Updated Jan. 22, 2025 1:08 pm ET

President Trump stood alongside prominent tech executives at the White House on Tuesday to unveil what he called a “tremendous” and “monumental” $500 billion artificial-intelligence infrastructure project. Hours later, Elon Musk publicly raised questions about whether the joint venture would ever get off the ground.

Late Tuesday night and early Wednesday morning, Musk wrote on X, his social-media platform, that two of the companies behind the project don’t have enough capital to follow through on their pledges.

{paywall}

mahatmakanejeeves

(62,374 posts)
74. Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don't 'have the money'
Wed Jan 22, 2025, 01:48 PM
Jan 22
Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don’t ‘have the money’

By Hadas Gold, CNN
3 minute read • Updated 12:59 PM EST, Wed January 22, 2025

{snip}

Sailingdiver

(194 posts)
75. So typical of the orange idiot, but I'm sure the stupids will fall for it
Thu Jan 23, 2025, 07:55 AM
Thursday

Musk bashes Trump-backed Stargate deal: "They don't actually have the money"

Hours after President Trump announced a major artificial intelligence investment, it faced skepticism from one of his closest allies: DOGE head Elon Musk.

Why it matters: Musk publicly undermining the $500 billion project, led by OpenAI and other tech titans, could draw Trump's ire.

Trump tasked Musk with slashing federal spending with the new Department of Government Efficiency.
The pair's budding relationship has grown more entwined since Trump won back the White House, but this is one of their most public disagreements to date.
What he's saying: "They don't actually have the money," Musk said on X late Tuesday night in response to OpenAI's announcement of the project.

A spokesperson for the White House did not immediately respond to Axios' request for comment on Musk's post.


https://www.axios.com/2025/01/22/stargate-elon-musk-trump-altman-openai-project

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