Elon Musk openly questioned whether companies that joined Trump’s announcement promising hundreds of billions of dollars in A.I. infrastructure could follow through on their promises, exposing an early internal rift within the White House. “They don’t actually have the money,” Musk wrote on X. “SoftBank has well under $10B secured. I have that on good authority.”
At the White House, SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman, and Oracle Corp.’s Larry Ellison made the announcement about the Stargate venture, which they claimed would invest$ 100 billion immediately with the intention of eventually investing$ 500 billion to build data centers and physical campuses.
Altman took to X to debate Musk’s description on Wednesday, calling it improper and suggesting Musk was upset because the alliance could rival the banker’s personal AI work.
Musk was even persuaded by Altman to go to the first page in Texas that is currently being built. “( T ) his 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 ( America ) first”, Altman wrote, using a US flag emoji to represent America.
According to the information, Altman has disclosed to his coworkers SoftBank and OpenAI that they intend to give Stargate a similar 40 % stake for each of their$ 19 billion investments. Oracle and Abu Dhabi-backed MGX would contribute about$ 7 billion apiece, the outlet cited the OpenAI chief as saying.
