Elon Musk criticizes the Stargate investment project presented by Donald Trump

Billionaire Elon Musk on Wednesday criticized the plan for massive private investments in artificial intelligence (AI) presented the day before by President Donald Trump, saying that the partners in this new joint venture “didn’t have the money” for it. finance, which OpenAI boss Sam Altman contested.

During a meeting at the White House, the US president unveiled a company called Stargate, which plans to hire at least 500 billion dollars [américains] in infrastructure IA in the United States.

Stargate brings together the cloud specialist (remote computing) Oracle, the Japanese investment giant SoftBank and the young companyIA générative OpenAI (ChatGPT).

SoftBank boss Masayoshi Son clarified that the joint venture would start deploying $100 billion immediately [américains]with the objective of reaching a total of 500 billion over four years.

They don’t have the money to finance this project, Elon Musk proclaimed on his X account on Wednesday. SoftBank is only insured for $10 billionhe said, adding: I have it from a good source.

The Tesla boss spent US$277 million out of his own pocket to finance Donald Trump’s campaign and was entrusted with an extragovernmental mission to cut public spending.

False, as you probably knowreacted to these accusations the boss of OpenAI, Sam Altman, on come visit the first establishment under construction.

I realize that what is good for the country is not always good for your companies, but I hope that in your new role you will put the United States firstcontinued Sam Altman.

The richest man in the world, who is one of the co-founders of OpenAI, regularly attacks Sam Altman, whom he accuses in particular of having subverted the initial mission of the company, focused on a reasoned development of L’IA.

Stargate mainly concerns the construction of data hosting and processing centers, the famous data centers.

The development of the cloud (remote computing) andIAespecially generative, requires immense data storage capacities, which has boosted the need for cutting-edge servers.

Co-investors in Stargate, OpenAI and Oracle are not investment companies and do not have sufficient financial capacity to contribute significantly.

Oracle’s spending on its data center network was only a few billion during its last financial year.

In addition to SoftBank, Stargate’s financiers include the MGX investment fund, backed by the United Arab Emirates.

The players involved in Stargate released a brief press release on Tuesday, which gave no detailed information on the financial aspects of the project.

Elon Musk is himself involved in the race forIA and the companies he controls, notably Tesla, have invested heavily in this area.

His start-up businessIA generative, xAI, launched in 2023, wants to build a giant computing factory on a former industrial site in Memphis, Tennessee.

According to the Memphis Chamber of Commerce, once operational it will be the largest supercomputer in the world.

Joe Biden signed an executive order last week to accelerate the construction of new data centers specializing inIA in the United States.