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Elon Musk Criticizes Funding for OpenAI and SoftBank’s $500B AI Plan

Elon Musk Criticizes Funding for OpenAI and SoftBank’s $500B AI Plan

CryptotaleCryptotale2025/01/22 07:57
By:Cryptotale Staff
  • Elon Musk Claims SoftBank Lacks Funds for $500B Stargate AI Infrastructure Plan
  • OpenAI and SoftBank Commit $100B to Start $500B Stargate AI Initiative in Texas
  • NVIDIA and Microsoft Join OpenAI, SoftBank in $500B AI Plan Amid Elon Musk’s Doubts

OpenAI, SoftBank, and several leading technology companies have just announced the Stargate Project, a $500 billion project. The planned AI infrastructure will be deployed across the United States to enhance national security, revive the American manufacturing base, and develop AGI.

The Stargate Project will spend $100 billion on initial construction in Texas and other sites nationwide. OpenAI will run the operations, and SoftBank will manage the financial aspects. Additionally, SoftBank founder Masayoshi Son has been named chairman of the project. The collaboration’s technological and financial roots are reinvigorated with key technology partners like Microsoft, Arm, NVIDIA, and Oracle.

OpenAI underscored the importance of the project as an effort to keep the U.S. at the forefront of artificial intelligence, to create thousands of jobs, and to bring enormous economic benefits. NVIDIA and Oracle will continue their longstanding partnerships, working closely with OpenAI to develop and run the AI systems.

Elon Musk Criticizes Funding Claims

Elon Musk, CEO of Tesla and SpaceX, publicly questioned whether the Stargate Project is possible, doubting if they have enough money. Musk mentioned in a statement on X that one of the lead partners of SoftBank had less than 10 billion dollars in secured funding. He said he had doubts if the cost of such a grand undertaking was financially viable.

Even after Musk’s warnings, OpenAI and its partners stood firm on their project promise. They showed what they want to do—move forward with artificial general intelligence while helping big tech businesses work together. Meanwhile, this work fits with current teamwork, given that OpenAI uses Microsoft’s Azure cloud services and partners more closely with NVIDIA.

Related: The Rise and Fall of Kekius Maximus: Musk’s Meme Coin Frenzy

White House Event Highlights Strategic Importance

President Donald Trump stressed the strategic nature of supporting U.S. infrastructure at a White House press conference where the announcement was made. The administration sees this initiative as a way to expand national security and America’s technological abilities.

The Stargate Project is a collaboration between technology giants from the United States, including OpenAI and SoftBank’s know-how, with Oracle’s resources and equity partners’ investments. Using the latest AI technology gives this project an advantage in staying ahead in the worldwide technology market.

The post Elon Musk Criticizes Funding for OpenAI and SoftBank’s $500B AI Plan appeared first on Cryptotale.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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