President Trump announced on Tuesday a massive AI infrastructure project involving OpenAI, Oracle (NYSE:ORCL), and SoftBank (TYO:9984), with an investment plan of up to $500 billion. This project, named Stargate,

OpenAI CEO Sam Altman speaks at the White House as a major investment deal between Oracle, SoftBank, and OpenAi is announced on January 21, 2025.Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL),

Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY -0.36% + Free Alerts SFTBF + Free Alerts has “well under $10B secured.”

Elon Musk has cast doubt on if there is enough funding to follow through on a massive $500 billion artificial intelligence infrastructure project announced by Trump on Tuesday.

Trump is signing sweeping executive orders this week, targeting DEI programs, climate agreements, and border security. Follow Newsweek's live blog coverage.

CEO Satya Nadella shrugged off funding concerns raised by Elon Musk over the $500 billion AI infrastructure project, Stargate, spearheaded by President Trump.

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.

Shortly after OpenAI announced a $500 billion AI infrastructure project, Elon Musk took to X to claim the whole thing a sham.The Latest Tech News, Delivered to Your Inbox