Elon Musk “very much” overstepped his bounds when he criticized a $500 billion artificial intelligence project touted by President Donald Trump, according to a White House official as aides are reportedly “furious” with the tech mogul while allies lament that he “abused the proximity to the president.”
The $500 billion Stargate Initiative — led by Trump, OpenAI, SoftBank, and Oracle — is set to revolutionize U.S. AI infrastructure.
The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.
Shares of SoftBank Group Corp. jumped as much as 8.1% after US President Donald Trump announced a multi-billion dollar push by the Japanese company, OpenAI and Oracle Corp. to build AI infrastructure in the US.
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
SoftBank CEO Masayoshi Son speaks at a White House press conference on President Donald Trump's plan for AI infrastructure investment. MASA SON, SOFTBANK: Oh, thank you. That would be helpful. That's good.
President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
OpenAI CEO Sam Altman, Oracle founder Larry Ellison and SoftBank CEO Masayoshi Son comment on President Trump’s Stargate AI investment project in an interview with FOX News anchor Bret Baier on ‘Special Report.
President Trump announced The Stargate Project, a massive AI infrastructure initiative that could cement the U.S. as the global leader in this technology. Explore its goals and implications.
Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States.
On his first full day in office, President Donald Trump announced a half-trillion-dollar AI initiative that will begin at Abilene's Lancium campus.
Trump was joined by Oracle founder Larry Ellison, OpenAI CEO Sam Altman, and SoftBank CEO Masayoshi Son, who said the investment would start with $100 billion, plus a goal of $500