Microsoft and OpenAI spar with Elon Musk over $500bn Stargate project

• Elon Musk Casts Doubt on Trump’s $100 Billion Stargate A.I. Announcement

  Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.
  
  The New York Times - 8m
• 

  Elon Musk undercuts Trump's Stargate AI investment announcement

  Elon Musk claimed overnight Tuesday that tech giants OpenAI, Oracle and Softbank don’t have enough money to fulfill their high-profile pledge to invest $500 billion in U.S. artificial intelligence ...
  
  NBC News - 1h
• 

  OpenAI Stargate is a $500B bet: America’s AI Manhattan Project or costly dead end?

  OpenAI, Oracle, Softbank and MGX are investing a record amount in new AI infrastructure even as China's DeepSeek outperforms on cost.
  
  VentureBeat - 4h

• How Bluesky, Twitter's onetime side project, is challenging Elon Musk's X

  Bluesky attracted many X users following the U.S. election in November. The decentralized social media platform has now grown to more than 28 million users.
  
  CNBC - 4h
• 

  Musk: 'They don't actually have the money' for Trump-touted Stargate project

  Tech billionaire Elon Musk voiced doubts about President Trump's newly announced infrastructure plan for artificial intelligence, claiming the technology companies behind the effort do not yet have ...
  
  The Hill - 5h

More from Financial Times

• 

  Trump tells Putin to reach Ukraine ‘deal’ soon or US will increase sanctions

  US president says Washington could impose more trade restrictions on Moscow
  
  Financial Times - 3h
• 

  Trump halts more than $300bn in US green infrastructure funding

  New president’s order to pause federal disbursements cuts critical loans and grants to developers
  
  Financial Times - 15h
• 

  Russian spy ship found ‘gathering intelligence’ in UK waters

  Defence minister tells Moscow Britain will not shy away from ‘robust action’ amid fears of potential sabotage of undersea cables
  
  Financial Times - 6h
• 

  Supermarkets back UK farmers in their fight against inheritance tax changes

  Tesco and Lidl express concern about the impact of Sir Keir Starmer’s proposed reforms
  
  Financial Times - 1h
• 

  Reeves says growth ‘trumps’ net zero as Heathrow runway decision looms

  Chancellor will indicate backing for west London airport expansion next week
  
  Financial Times - 2h

More in Business

• Trump tells Russia to end Ukraine war or pay a bigger price. What can he do?

  President Trump has demanded Russia stop its “ridiculous war” with Ukraine or face stiffer penalties — but the U.S. doesn’t appear to have much financial leverage left after a raft of prior sanctions.
  
  MarketWatch - 5m
• 

  Divvy Homes, Once Valued at $2 Billion, Is Sold for Half That Price

  The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates ...
  
  The New York Times - 9m

• CEOs of 4 big portfolio companies dish on AI, cyber, banking, and Trump from Davos

  It's that time of year when business tycoons and influential world leaders gather in Davos.
  
  CNBC - 12m
• 

  Who Might Buy TikTok? Your Guide to the Latest Front-Runners

  Since Trump paused enforcement of the TikTok ban, a new crop of potential buyers has emerged. Here’s what to know.
  
  Inc. - 12m

• There's a 'big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

  If you have an inherited IRA, there's a key change for 2025 that heirs need to know. Here's how to avoid a penalty.
  
  CNBC - 15m