Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldOpenAI and Microsoft have hit back at Elon Musk\u2019s criticism of Stargate, the new $500bn artificial intelligence infrastructure project hailed by Donald Trump as a \u201cresounding declaration of confidence in America\u2019s potential under a new president\u201d.In a rare break with Trump, Musk on Tuesday evening poured cold water on the project, writing: \u201cThey don\u2019t actually have the money.\u201d He added that he had it \u201con good authority\u201d that SoftBank had secured less than $10bn.\u00a0OpenAI\u2019s chief executive Sam Altman responded on Wednesday that Musk\u2019s claim was \u201cwrong, as you surely know\u201d.\u201cI realise what is great for the country isn\u2019t always what\u2019s optimal for your companies, but in your new role i hope you\u2019ll mostly put [the US] first,\u201d he wrote.While Stargate\u2019s founding investors \u2014 SoftBank, OpenAI, Oracle and MGX, the Abu Dhabi state AI fund \u2014 will put some of their own capital to work in the company, a large portion of the initial $100bn is expected to come from new investors who have not yet been identified, according to one person involved in the project.wrong, as you surely know.want to come visit the first site already under way?this is great for the country. i realize what is great for the country isn’t always what’s optimal for your companies, but in your new role i hope you’ll mostly put \ud83c\uddfa\ud83c\uddf8 first.\u2014 Sam Altman (@sama) January 22, 2025<\/p>\n
Another person involved said the funding would be a combination of equity from the founding partners and co-investors, as well as debt, but they added: \u201cWe are prepared to deploy $100bn immediately.\u201d Musk, who co-chairs the newly formed Department of Government Efficiency, has been in a long-running feud with OpenAI, Altman and the start-up\u2019s biggest backer Microsoft. Musk was a co-founder of OpenAI, but left the board in 2018 after clashing with Altman.\u00a0The Tesla chief has launched a number of lawsuits against the two companies and Altman, claiming that they have compromised their mission to create broadly beneficial AI models by instead prioritising profits.Their spat now threatens to inject a degree of tension into Musk\u2019s relationship with the new president, who presented the project as an early win in his plans to drive investment in the US through low taxes and deregulation.\u00a0Trump unveiled Stargate on Tuesday in the White House, flanked by Altman, SoftBank chair Masayoshi Son and Oracle co-founder Larry Ellison. The president suggested Stargate would create 100,000 jobs and represented a victory against China, helping to keep the \u201cfuture of technology\u201d in the US.\u00a0He also said he would use \u201cemergency declarations\u201d to expedite its access to the huge amounts of electricity it will need.In an interview with CNBC on Wednesday, Microsoft chief executive Satya Nadella said his company had $80bn in planned capital expenditure this year, separate from Stargate. \u201cAll I know is I\u2019m good for my $80bn,\u201d he said. Shares in Japan\u2019s SoftBank jumped more than 10 per cent on Wednesday after Trump unveiled the joint venture, which plans to spend $100bn on tech infrastructure, rising to $500bn over the next four years.\u00a0Other public companies involved in Stargate also saw share price rises. Oracle added 7 per cent, while Arm, Nvidia and Microsoft \u2014 technology partners in the project \u2014 gained 17 per cent, 4 per cent and 3 per cent respectively. OpenAI, which will operate the project, is not publicly traded.\u00a0SoftBank and OpenAI declined to comment. MGX and Oracle did not immediately respond to requests for comment. <\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldOpenAI and Microsoft have hit back at Elon Musk\u2019s criticism of Stargate, the new $500bn artificial intelligence infrastructure project hailed by Donald Trump as<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-176371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/176371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=176371"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/176371\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=176371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=176371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=176371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}