By South China Morning Post | Created at 2025-01-22 18:46:18 | Updated at 2025-01-22 22:14:05
3 hours ago
Tech titan Elon Musk cast doubt on Wednesday on a US$500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually was not there.
The comments marked a rare instance of a split between the world’s richest man and Trump, with Musk playing a key role in the newly installed administration after spending US$270 million on the election campaign.
In his first full day in the White House, Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI.
Trump said the venture, called Stargate, “will invest US$500 billion, at least, in AI infrastructure in the United States”.
But in a post on social media, Musk said the main investors “don’t actually have the money”.
“SoftBank has well under $10B secured. I have that on good authority,” Musk added in a subsequent post.
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Elon Musk causes stir with hand gesture at Trump inauguration
Elon Musk causes stir with hand gesture at Trump inauguration
