U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises,

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

Altman said that a project like Stargate might not have been possible with "a different president."

President Donald Trump announced a joint venture Tuesday with OpenAI, Oracle and SoftBank of up to $500 billion for infrastructure tied to artificial intelligence.

President Donald Trump spoke with OpenAI CEO Sam Altman by phone on Friday, ahead of the AI infrastructure announcement, CNBC has learned.

Elon Musk doesn’t miss an opportunity to take a dig at OpenAI — even when the news item in question is supposed to be favorable to President Trump. Just a few hours after yesterday’s White House presser on The Stargate Project wrapped up, Musk posted on X that “they don’t actually have the money.”

The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum.

President Donald Trump is supporting the newly formed Stargate to advance AI as construction on the company's first data center gets underway in Abilene. Trump announced the new entity formed by OpenAI,

Masayoshi Son, the Japanese tycoon helming US President Donald Trump's big new AI push, is the son of an immigrant pig farmer with a spectacular but also sketchy investment record.

President Donald Trump on his first full day in office Tuesday defended his decision to grant clemency to people convicted of assaulting police officers during the 2021 attack on the Capitol and suggested there could be a place in U.