The White House broke its days-long silence about SpaceX CEO Elon Musk on Friday, as questions swirled about whether Musk had rankled President Donald Trump when he publicly bashed Stargate, the Trump administration's first major tech initiative.
Bannon tore into Musk, revealing another fissure in the MAGA world over Trump's highly touted Stargate project.
President Donald Trump unveiled this program in collaboration with key figures from the tech industry, including SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison
Elon Musk criticises OpenAI and SoftBank's $500 billion Stargate Project for AI infrastructure, doubting their financial capabilities. The initiative involves major tech companies like Oracle, MGX, Arm,
Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.
Elon Musk, CEO of Tesla and SpaceX, has expressed doubts about the financial viability of the USD 500 billion Stargate AI Project, a collaboration between OpenAI and SoftBank Group. Musk questioned SoftBank's ability to fund the massive initiative,
OpenAI is in early talks to raise up to $40B that would value the generative artificial intelligence startup at $340B, The Wall Street Journal reported. Read for more.
President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.
The Japanese conglomerate is in talks to spend up to $43 billion to boost the ChatGPT developer.
Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.
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SoftBank in talks to invest as much as $25 billion in OpenAI
SoftBank May Invest Up To $25B Into OpenAI — Report
SoftBank in talks to invest $15B-$25B in OpenAI, WSJ reports
SoftBank (SFTBY) is in discussions to invest $15B-$25B in Open AI, Deepa Seetharaman of The Wall Street Journal reports. Some of the equity
A new investment from the Japanese conglomerate would be separate from the $100 billion tied to a project announced at the White House last week.
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