The OpenAI logo is displayed on a mobile phone in front of a computer screen showing photos of Sam Altman (left) and Elon Musk on March 14, 2024.
Mohammad Selim Korkutata | Anatolia | Getty Images
Musk Tech giants claimed overnight on Tuesday Open artificial intelligence, Oracle and SoftBank Not enough money to fulfill their high-profile promises Invest $500 billion In U.S. Artificial Intelligence Infrastructure.
The Tesla and SpaceX CEO’s comments came hours after the president’s inauguration Donald Trump On his first day in office, he unveiled the massive plan at the White House.
“They literally have no money,” Musk wrote on his social platform X in response to an OpenAI post about a new project called Project Stargate.
“SoftBank has been guaranteed well under $10B. I have every authority to guarantee that,” Musk added.
On Wednesday morning, OpenAI CEO Sam Altman responded directly to Musk.
“I sincerely respect your achievements and consider you to be one of the most inspiring entrepreneurs of our time,” Altman wrote, without responding to Musk’s allegations about Stargate funding.
SoftBank, OpenAI and Oracle did not immediately respond to CNBC’s request for comment on Musk’s claims.
Musk’s comments undercut Trump’s announcement Tuesday afternoon that Stargate would invest at least $500 billion and create “more than 100,000 American jobs almost immediately.”
“I think it’s going to be something very special. It’s going to lead to the biggest thing possible,” Trump said.
During Trump’s speech, he was flanked by Altman, Oracle co-founder Larry Ellison and SoftBank CEO Masayoshi Son.
Ellison said at the event that 10 data centers of 500,000 square feet each are already under construction in Abilene, Texas, with 10 more under construction.
On January 21, 2025, OpenAI CEO Sam Altman, accompanied by U.S. President Donald Trump, Oracle Chief Technology Officer Larry Ellison (right) and SoftBank CEO Masayoshi Son (second from right), at the White House at a press conference in the Roosevelt Room.
Andrew Harnick | Getty Images
Musk leads Trump’s new administration efficiency advisory committee dogand has a tense relationship with Ultraman.
In March this year, Musk and his artificial intelligence startup xAI sued OpenAI, alleging breach of contract. Musk later dropped the suit Sue Ultraman in federal court.
Altman’s response to X was consistent with his previous public tone toward Musk.
Asked in December if he was worried about Musk’s influence in the White House, Altman said: “I could be wrong, but I have no doubt that Elon will do the right thing.”
OpenAI said in a statement on Tuesday that Stargate “will begin investing $100 billion immediately.”
The post stated that Masayoshi Son will serve as chairman of the new company, whose initial equity investors are SoftBank, OpenAI, Oracle and Emirates Bank MGX.
News of the infrastructure plan sent Oracle shares up 7% on Tuesday.
OpenAI’s posts are also listed Microsoft Serves as one of Stargate’s key initial technology partners. The company said earlier this month that it plans to invest $80 billion in data centers to support artificial intelligence in the next fiscal year.
Asked about “Stargate” on CNBC’s “Squawk Box” on Wednesday, Microsoft CEO Satya Nadella said: “I don’t know much about the details of their investment.”
Asked about Musk’s post questioning Stargate’s funding, Nadella responded: “Look, all I know is I’m happy with my $80 billion.”
