Musk Bashes Trump’s New Stargate AI Initiative With OpenAI And Oracle As ‘Fake’—Here’s Why – Forbes

Topline
It took less than two days for Elon Musk to voice displeasure with President Donald Trump, as the world’s richest man Musk questioned perhaps Trump’s biggest business announcement yet, a $500 billion deal bolstering Musk’s artificial intelligence company.
Key Facts
Musk took to his X social media platform to poke holes in the “Stargate” AI infrastructure deal Trump announced at the White House on Tuesday, a private joint venture funded by American technology giants OpenAI and Oracle, Japan-based SoftBank and Emirati-based MGX investment firms.
The project was described by Trump as a “monumental undertaking and a “resounding declaration of confidence in America’s potential under a new president” and received $100 billion in initial funding with a total of $500 billion in investments planned over the next four years, Trump said Tuesday press conference, while flanked by billionaires Sam Altman OpenAI CEO, Oracle chairman Larry Ellison and SoftBank CEO Masayoshi Son.
But Musk later claimed on X “they don’t actually have the money,” in a reply to OpenAI’s press release on the project, adding he has it on “good authority” that “SoftBank has well under $10B secured.”
A person familiar with Stargate’s funding refuted Musk’s claim, noting to Forbes the project has the $100 billion ready to go via equity from its founding four partners and other co-investors, as well as outside sources including debt fundraising.
Altman slapped back at Musk Wednesday, saying on X Musk’s funding claim is “wrong, as you surely know” and “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 🇺🇸 first,” referring to Musk’s advising of Trump, nominally as the head of the “Department of Government Efficiency” commission.
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