Wednesday, September 3, 2025

Latest

Musk Clashes with Altman Over Trump’s $500B AI Project

Elon Musk challenged the financial viability of a major White House AI initiative on Tuesday, sparking a public dispute with OpenAI CEO Sam Altman hours after President Donald Trump announced the $500 billion Stargate project.

“They don’t actually have the money,” Musk posted on X, claiming SoftBank had secured “well under $10B” for the Stargate Project. The venture aims to develop AI infrastructure through partnerships between SoftBank, OpenAI, and Oracle.

This allegation comes as Musk wields significant influence in Trump’s administration—he was considered so influential that people were calling him “shadow president” shortly after Trump was elected. 

Altman fired back at his former OpenAI co-founder, inviting Musk to visit the project’s first site. “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 America first,” Altman wrote on X.

The relationship between Musk and Altman has been salty for a while. Musk left OpenAI’s board in 2018 over a conflict of interest and differences in vision. Last year, he sued the company for allegedly abandoning its nonprofit mission through its Microsoft partnership. He also gave Altman the nickname “Swindly Sam.”

Altman sounded more diplomatic despite the criticism. “I don’t think he’s a nice person or treating us fairly but you have to respect the guy and he pushes all of us to be more ambitious,” he posted Wednesday.

Microsoft CEO Satya Nadella defended the project’s funding on CNBC, stating “all I know is I’m good for my $80 billion.” Sources familiar with Stargate said SoftBank holds $24.3 billion in cash reserves and can access additional capital through debt financing.

Altman has recently shifted his stance on Trump, attending the inauguration and posting that Trump “will be incredible for the country in many ways” despite previously opposing his 2020 campaign.

The companies plan to invest an initial $100 billion in Stargate, with the potential to reach $500 billion in coming years. White House Press Secretary Karoline Leavitt defended the project and underlined its importance in competing with China’s AI advancements.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Afghanistan Quake Deaths Pass 1,400

Sage Potash Secures US$14 Million USDA Grant For Flagship Project

Related News

US Leverages Trade Talks to Push Starlink Expansion, Documents Show

The United States is leveraging tariff negotiations to secure foreign regulatory approvals for Elon Musk’s...

Thursday, May 8, 2025, 11:38:00 AM

Verses AI Sees Genius Outperform OpenAI Model In Tech Challenge

Verses AI (CBOE: VERS) has reached a major milestone in the world of artificial intelligence....
Tuesday, December 17, 2024, 09:20:58 AM

Musk Admits Cutting Federal Spending By $2 Trillion May Be a Long Shot

In a live-streamed conversation with Stagwell CEO Mark Penn on Wednesday, Elon Musk conceded that...

Friday, January 10, 2025, 10:48:22 AM

Twitter To Introduce Payments Feature As Elon Musk Makes First Interest Payment On Buyout Debt

As Elon Musk seeks new revenue streams to turn around the company, Twitter has begun...

Tuesday, January 31, 2023, 03:04:00 PM

Elon Musk Bungles DeSantis Announcement and Then Calls It “Top Story on Earth”

Florida Governor Ron DeSantis’ much-anticipated announcement of his 2024 presidential campaign proved to be more...

Thursday, May 25, 2023, 10:49:00 AM