'They Don't Have The Money,' Elon Musk Says Of $500B OpenAI-SoftBank-Oracle AI Project Stargate
U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.
SoftBank Shares Jump After Unveiling $500 Billion Venture With OpenAI
SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.
The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.
President Trump has announced a major AI initiative called "Stargate" -- but the firms involved have DEI policies that go ...
On his second day in office, President Donald Trump unveiled a joint, private-sector venture to fund billions of dollars in U ...
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new ...
Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in ...
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On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial ...
Shares in Japanese tech behemoth SoftBank Group soared more than eight percent on Wednesday after US President Donald Trump announced a major investment to build AI infrastructure.
The move has been met with a mixture of cautious optimism from tech leaders and apprehension from experts concerned about the ...
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Stargate isn’t just a massive AI investment—it’s a high-stakes bet on technology, power, and future global dominance.
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