Musk casts doubt on Trump-backed Stargate project: ‘They don’t actually have the money’ [Video]

Business magnate and X CEO Elon Musk has cast doubt on whether there is enough funding available to follow through on a massive $500 billion artificial intelligence (AI) infrastructure project announced by President Donald Trump on Tuesday.

The new project, called Stargate, will see Softbank, OpenAI and Oracle join forces to build data centers in the U.S. for the further development of AI, which holds the promise of increasing productivity by automating work. 

Larry Ellison, the chair of Oracle, also suggested that the project could make it easier to treat diseases such as cancer by possibly developing a customized vaccine by tying the technology with digital health records.

TRUMP ANNOUNCES LARGEST AI INFRASTRUCTURE PROJECT ‘IN HISTORY’ INVOLVING SOFTBANK, OPENAI AND ORACLE

The initial investment is expected to be $100 billion and could reach five times that sum. Microsoft, NVIDIA, investor MGX and the chipmakers Arm are also partners in the project. 

“The Stargate Project is a new …