Investing.com — President Trump introduced on Tuesday a large AI infrastructure mission involving OpenAI, Oracle (NYSE:), and SoftBank (TYO:), with an funding plan of as much as $500 billion. This mission, named Stargate, is being touted because the “largest AI infrastructure project in history,” with the US main the hassle.
Nonetheless, Elon Musk, the CEO of Tesla (NASDAQ:) and an in depth ally of President Trump, has expressed considerations in regards to the funding for this mission. Musk acknowledged that they at the moment “don’t have the money” for the mission. He additional identified that SoftBank, one of many key gamers within the mission, has secured properly beneath $10 billion. Musk confirmed he has this info from a dependable supply.
This large funding in AI infrastructure is ready to contain key gamers within the tech business, together with OpenAI and Oracle. The precise particulars of the funding plan and the way the funds shall be allotted among the many concerned events are but to be disclosed.
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