Elon Musk 'Disapproves' Donald Trump's $500 Billion AI Project

On 22/1, technology billionaire Elon Musk and the team of US President Donald Trump had a debate about the $500 billion AI infrastructure project, according to CNN. “They don't really have the money,” Musk shared on social media platform X. “SoftBank only guarantees less than $10 billion. I have accurate information about this.” According to Mr. Trump, the project will establish a new company called Stargate to develop artificial intelligence (AI) infrastructure in the United States. SoftBank, OpenAI, and Oracle are the three giants behind the project, with an initial investment commitment of $100 billion and expected to increase to $500 billion in the coming years. However, Musk's criticism marks a notable move from someone within the "inner circle" of the Trump administration. It's worth noting that just a few days ago, Musk appeared in the Oval Office to witness President Trump sign a pardon for Ross William Ulbricht, the founder of the online black market SilkRoad. He even deployed staff from SpaceX and X to support the release of some individuals convicted in the January 6th riot. It is worth noting that Musk's criticism of Stargate is not surprising. Musk is currently involved in a lawsuit with OpenAI and CEO Sam Altman - who was also present at the White House announcement. Musk accuses OpenAI of "going astray", abandoning its original non-profit mission by retaining the most advanced AI technologies for private clients. Although the companies behind Stargate have not publicly disclosed the details of their capital mobilization methods, they may use various financial methods such as borrowing or calling for additional investors. Before Musk's reaction, White House press secretary Karoline Leavitt quickly responded in an interview on Fox News: "The American people should trust the words of President Trump and the CEOs". "President Trump is very excited about the announcement of this AI infrastructure, a rapidly developing field that the US needs to take advantage of, as competitors like China are making great progress in this field," said Leavitt. "This investment will create jobs for the American people and propel the United States forward." Sam Altman, CEO of OpenAI, is not exempt from this. He directly refuted on social media X: 'That's wrong, and you know it. Want to see if the first location has been initiated? This is a big step for the country. I understand what is good for the nation is not always favorable for your companies, but I hope you prioritize the United States'. An internal Stargate source has spoken out to confirm that Musk's statement is not true. According to this source, SoftBank currently has $24.3 billion in cash and is ready to borrow more for investment. MGX has raised $100 billion in committed capital, Oracle owns $11 billion in cash, and OpenAI recently raised over $10 billion from funding rounds. CEO Microsoft Satya Nadella, partner of OpenAI in the Stargate project, is also optimistic: "I am sure I can guarantee my 80 billion USD share." DYOR! #Write2Earn #ElonMusk $BTC {spot}(BTCUSDT)