Musk Pours Cold Water on Trump-Backed Stargate AI Project
Source: WSJ
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 dont have enough capital to follow through on their pledges.
The comments offered a glimpse into the sometimes awkward dynamic between the new president and Musk, the billionaire who Trump has tasked with slashing government spending and streamlining federal bureaucracy. And they signaled that Musk wont pare back his unfiltered online commentary now that Trump has taken office.
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Musks comments about the $500 billion project known as Stargate come amid longstanding tensions between the Tesla chief executive and Sam Altman, OpenAIs CEO. Musk has sued to block OpenAIs attempt to convert from a nonprofit to a for-profit company, calling it a market-paralyzing gorgon. Though they co-founded OpenAI, Musk later left, and people close to Musk have said he now despises Altman, The Wall Street Journal has previously reported. Musk more recently started his own artificial intelligence company, xAI, which competes with OpenAI.
Read more: https://www.wsj.com/tech/musk-pours-cold-water-on-trump-backed-stargate-ai-project-53428d16
I have no idea what this is about but, hey, will take it.
Here is a free link
https://www.wsj.com/tech/musk-pours-cold-water-on-trump-backed-stargate-ai-project-53428d16?st=uWru2i&reflink=desktopwebshare_permalink
GreenWave
(9,858 posts)bucolic_frolic
(48,219 posts)Trump's trying to get a piece of the action with taxpayer money. Sorry, Donnie, it's an exclusive club in which real men have a tech background.
louis-t
(23,901 posts)Once the POS figures out how to put tens of billions of taxpayer money in his pocket, he will no longer need muskie.
riversedge
(73,984 posts)Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers dont have the money
https://www.cnn.com/2025/01/22/tech/elon-musk-trump-stargate-openai/index.html?iid=cnn_buildContentRecirc_end_recirc
By Hadas Gold, CNN 4:22 PM EST, Wed January 22, 2025
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The comments are a notable takedown of a major White House project from someone that is in Trumps innermost circle. As a sign of how involved Musk is in the first days of the administration, Musk said he was in the Oval Office on Tuesday as Trump signed a pardon for Ross William Ulbricht, founder of the dark web marketplace SilkRoad. Musk had also dispatched a top staffer from his SpaceX and X companies to help ensure the release of convicted January 6 rioters after Trump signed a blanket pardon.
But perhaps it should not be a surprise that Musk is going after an OpenAI initiative. Musk is in an ongoing lawsuit with OpenAI and its CEO Sam Altman, who was at the White House for the announcement. Musk, who has said he doesnt trust Altman, claims in the lawsuit the ChatGPT has abandoned its original nonprofit mission by reserving some of its most advanced AI technology for private customers.
The companies involved in Stargate have not publicly disclosed how they will contribute the funds, but they dont necessarily need the money in the bank to support it they could raise debt or sign on other equity investors.
White House press secretary Karoline Leavitt on Wednesday rebuffed Musks comments, saying in a Fox News interview, the American people should take President Trump and those CEOs words for it. ......................................