SoftBank ‘doesn’t have the money’ for $500 billion Stargate AI infrastructure investment plan – Musk

Investing.com — President Trump announced on Tuesday a massive AI infrastructure project involving OpenAI, Oracle (NYSE:), and SoftBank (TYO:), with an investment plan of up to $500 billion. This project, named Stargate, is being touted as the “largest AI infrastructure project in history,” with the US leading the effort.

However, Elon Musk, the CEO of Tesla (NASDAQ:) and a close ally of President Trump, has expressed concerns about the funding for this project. Musk stated that they currently “don’t have the money” for the project. He further pointed out that SoftBank, one of the key players in the project, has secured well under $10 billion. Musk confirmed he has this information from a reliable source.

This massive investment in AI infrastructure is set to involve key players in the tech industry, including OpenAI and Oracle. The exact details of the investment plan and how the funds will be allocated among the involved parties are yet to be disclosed.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.