Tech titans bicker over $500bn AI investment announced by Trump

After unveiling of Stargate, Elon Musk, Sam Altman and Satya Nadella of Tesla, OpenAI and Microsoft trade barbs

Major tech moguls had their claws out for each other on Wednesday, hissing at their rivals over enormous pledges to invest in AI that had been announced by Donald Trump the day before.

Trump announced Stargate, a $500bn project to be funded jointly by OpenAI, Oracle and Softbank, on Tuesday. During the announcement, the president was flanked by the leaders of those companies: Sam Altman, Larry Ellison and Masayoshi Son, respectively. Son is slated to be the chair of the project. All three are multibillionaires. Absent from the photo op was a representative from MGX, Abu Dhabi’s state AI fund, another principal investor.

Topics

Musk undercuts Trump on Stargate AI investment announcement

Open AI CEO Sam Altman, Oracle co-founder Larry Ellison and Softbank CEO Masayoshi Son appeared alongside President Donald Trump to announce the Stargate plan.
CNBC - 7h
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 - 7h
Trump Announces Project Stargate, a Massive New Investment in AI

The venture involves OpenAI, Softbank, and Oracle, and starts with an investment of $100 billion.
Inc. - 1d
Trump announces AI infrastructure investment backed by Oracle, OpenAI and Softbank

President Donald Trump announced a venture with OpenAI, Oracle and Softbank to invest billions of dollars in U.S. AI infrastructure.
CNBC - 1d
Trump announces up to $500 billion investment to build AI infrastructure

President Trump on Tuesday announced the creation of a new project to invest up to $500 billion in building the infrastructure needed for artificial intelligence (AI) development over his second ...
The Hill - 1d
Trump to announce AI infrastructure investment backed by Oracle, OpenAI and Softbank

President Donald Trump will announce a joint venture Tuesday with OpenAI, Oracle and Softbank to invest billions of dollars in AI infrastructure in the United States.
NBC News - 1d
Trump to announce up to $500 billion in private sector AI infrastructure investment

President Trump is announcing billions in private sector investment by OpenAI, Softbank and Oracle to build AI infrastructure in the U.S.
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Trump announces $500 billion investment in 'colossal' AI data centers

The 47th president is meeting with congressional leaders this afternoon and plans to deliver remarks from the White House later today.
NBC News - 1d

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