Updated:2025-01-25 04:55 Views:68
(FILES) US President-elect Donald Trump looks on as SpaceX and Tesla CEO Elon Musk speaks at a MAGA victory rally at Capital One Arena in Washington, DC, on January 19, 2025, one day ahead of his inauguration ceremony. Tech titan Elon Musk cast doubt on January 22, 2025 on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn’t there. The comments marked a rare instance of a split between the world’s richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign. In his first full day in the White House, Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI. (Photo by Jim WATSON / AFP)
Washington, United States — Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn’t there.
The comments marked a rare instance of a split between the world’s richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.
Article continues after this advertisementREAD: Trump touts $500B AI project from Softbank, Oracle, OpenAI
FEATURED STORIES BUSINESS BIZ BUZZ: Another deputy governor set to exit BSP BUSINESS Starbucks' policy change flushes out debate over public restroom access BUSINESS John Hay Golf Club disputes BCDA’s ‘sabotage’ claim during takeoverIn his first full day in the White House, Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI.
Trump said the venture, called Stargate, “will invest $500 billion, at least, in AI infrastructure in the United States.”
win real money slotsArticle continues after this advertisementBut in a post on his social media platform X, Musk said the main investors “don’t actually have the money.”
Article continues after this advertisement“SoftBank has well under $10B secured. I have that on good authority,” Musk added in a subsequent post.
Article continues after this advertisement ‘Wrong’Musk’s swipe could be particularly targeted at OpenAI, the world’s leading AI startup that Musk helped found before leaving in 2018.
The Tesla boss and OpenAI chief executive Sam Altman, who was present at the White House on Tuesday, have been mired in a serious feud with Musk opening repeated lawsuits against the company behind ChatGPT.
Article continues after this advertisement“Wrong, as you surely know. Want to come visit the first site already under way?” Altman replied to Musk on X.
Unemployment among young people and college graduates jumped from 13.2% in June to 17.1% in July, as some 12 million students entered the labour market, before the August figure rose to its highest level since the National Bureau of Statistics decided to change the methodology to not include students in December 2023.
“This 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 (country) first,” he added.
OpenAI is one of the world’s highest valued startups but loses money on the high costs of turning out its expensive technology.
According to the Wall Street Journal, cloud giant Oracle, which is also involved, has about $11 billion in cash and securities. SoftBank has roughly $30 billion of cash on hand.
“The American people should take President Trump and those CEOs words for it. These investments are coming to our great country and American jobs are coming along with them,” Trump’s spokeswoman Karoline Leavitt told Fox News.
The Stargate project is committed to invest an initial $100 billion in the project, and up to $500 billion over the next four years.
Abu Dhabi’s AI-focused state fund MGX and Oracle are also providing funding for the project, while SoftBank-owned Arm, Microsoft and Nvidia will be technology partners.
According to the companies, the project is initially building a data center operation in Texas, where construction is already underway.
Subscribe to our daily newsletter
Ahead of taking officeagilaplay, Trump this month unveiled a $20 billion Emirati investment in US data centers, as well as a previous investment pledge from SoftBank.
READ NEXT BSP easing cycle seen extending until 2026 Stock markets mostly higher as they track Trump plans, earnings EDITORS' PICK How Trump’s exit from WHO undermines US pandemic preparedness K-drama fans express enthusiasm for ‘Melo Movie’ starring Choi Woo-shik and Park Bo-young Cebu’s December inflation climbs to 3.5% Hundreds to wed as Thai same-sex marriage law comes into force ‘Metaverse Filipino Worker’ film features Pinoy digital pioneers DFA confirms release of 17 Filipino seafarers held hostage in Yemen MOST READ Traffic enforcer appeals case, gets stiffer penalty Germany's crisis-hit economy casts shadow over election P170 million worth of shabu seized from mother, son in Cebu City Darryl Yap says Pepsi Paloma film now finished amid distributors pulling out Follow @FMangosingINQ on Twitter --> View commentsPowered by taya99-taya99 free spins-taya99 casino games @2013-2022 RSS Map HTML Map
Powered by站群系统
