Home Artificial Intelligence Musk Pours Cold Water on Trump-Backed Stargate AI Project

Musk Pours Cold Water on Trump-Backed Stargate AI Project

Elon Musk on his way to attend the presidential inauguration​ on Monday. PHOTO: SHAWN THEW/PRESS POOL

By Brian SchwartzDeepa Seetharaman and Tom Dotan

President Trump stood alongside prominent tech executives Tuesday at the White House to unveil what he called a “tremendous” and “monumental” $500 billion artificial-intelligence infrastructure project. Hours later, Elon Musk publicly questioned whether the joint venture would ever get off the ground.

Musk wrote on X, his social-media platform, that two of the companies behind the project didn’t have enough capital to follow through on their pledges.

The comments offered a glimpse into the sometimes awkward dynamic between the new president and Musk, the billionaire who poured money into Trump’s campaign and who was named by Trump to lead an effort to slash government spending and streamline the federal bureaucracy. They also signaled that the Tesla chief executive won’t pare back his unfiltered online commentary now that Trump has taken office.

Faith Based Events

“They don’t actually have the money,” Musk wrote at 11:35 p.m. Eastern time Tuesday, replying to a post from OpenAI, the ChatGPT maker that announced the joint venture with global tech investor SoftBank Group and database company Oracle. At 12:57 a.m. Wednesday, Musk added, “SoftBank has well under $10B secured. I have that on good authority.”

Asked in an interview with Fox News about Musk’s comments, Trump spokeswoman Karoline Leavitt said the president was excited about Tuesday’s announcement. “So the American people should take President Trump and those CEOs’ words for it,” she said. “These investments are coming to our great country, and American jobs are coming along with them.”

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