• Latest
  • Trending
VC funds doubling investments in AI space with GenAI leading the show

Trump’s $500 billion AI plan faces Musk’s criticism

NYMEX Natural Gas futures post second monthly gain

NYMEX Natural Gas futures post second monthly gain

Rupee holds steady as inflation eases and manufacturing outlook improves : Kedia Stocks & Commodities Research

Rupee under pressure as crude oil, US yields and FPI outflows weigh on currency

Coforge appoints Akhil Kumar Gupta as new Chairperson

Coforge appoints Akhil Kumar Gupta as new Chairperson

Moneyview IPO allotment date and how to check status

Moneyview IPO allotment date and how to check status

Commodity market: Gold, silver, crude oil and base metals in focus

Commodity market: Gold, silver, crude oil and base metals in focus

NALCO pays record ₹2,112 crore dividend for FY26

NALCO pays record ₹2,112 crore dividend for FY26

NVIDIA adds $150 billion to share buyback program

NVIDIA adds $150 billion to share buyback program

Data Story: SBI Q3FY25 Financials

Bank strike postponed after talks with IBA

L&T Technology Services unveils RefineryNext for smarter, sustainable refineries

L&T bags Rs 797 crore RCF Ammonia Plant deal

Rafale AI tests highlight Dassault Aviation’s combat system capabilities

Rafale AI tests highlight Dassault Aviation’s combat system capabilities

Paradip Port achieves fastest-ever 100 MMT throughput in FY 2024–25

Paradip Port named as ‘mega port’ with Kandla, Nhava Sheva, Mundra Ports

India’s edible oil imports surge as refiners build festival stocks

India’s edible oil imports surge as refiners build festival stocks

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Tuesday, September 29, 2026
  • Login
Data Biz Times
No Result
View All Result
Data Biz Times
No Result
View All Result

Trump’s $500 billion AI plan faces Musk’s criticism

in Blog
Reading Time: 2 mins read
0
VC funds doubling investments in AI space with GenAI leading the show
Share on FacebookShare on Twitter

Athia Sethu

Kochi, 27 January 2025

US President Donald Trump and SpaceX CEO Elon Musk share a strong relationship. Even before taking the office, he entrusted this big responsibility to Musk, and after becoming president, he initiated an initiative to keep the US ahead in the AI race. He planned a $500 billion investment to further the capabilities of AI, which Musk claimed was an uprising.

The program, developed in conjunction with SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison, is called ‘Stargate.’ The promise is to create over 100,000 jobs as part of that process to increase America’s capabilities to compete better against the growing tech influence of China.

Musk’s Disapproval: Musk, an informal advisor to Trump, was displeased with the initiative and criticized it on X, a social media platform. He raised questions over the viability of the project, suggesting that tech companies do not have the required money. Musk further pointed out that one of the major investors, SoftBank, has less than $10 billion in secured funds.

The controversy surrounding the project: Musk further targeted a harsh criticism towards Sam Altman with whom he founded OpenAI but is now embroiled in a lawsuit. Trump’s declaration of the project with so much excitement has turned controversial because of the objections by Musk.

In reaction to the criticism from Musk, Trump told the media that all issues had been addressed. He surmised that Musk was angry because the anger was personal, adding, “I have no problem with it. The people involved in the deal are very smart.’

Related Posts

Persistent Systems expands European footprint with Concise’s 90+ tech team

Persistent Systems raises stake in Nagarro to 83.25%

0

Athira Sethu Kochi, 23 September 2026 Mid-tier IT firm, Persistent Systems has upped its stake in Germany-based IT company Nagarro...

WACKER Chemie establishes GCC in Pune with HCLTech

WACKER Chemie establishes GCC in Pune with HCLTech

0

DBT Bureau Pune, 30 August 2026 HCLTech said that Wacker Chemie AG, a global chemicals and biotechnology company, has recently...

Tata Motors to hike ICE and EV prices by up to ₹25,000 from September 1

Tata Motors to hike ICE and EV prices by up to ₹25,000 from September 1

0

DBT Bureau Pune, 23 August 2026 Tata Motors Passenger Vehicles Ltd., India’s leading manufacturer of Cars and SUVs, said in...

Aurionpro Solutions wins ₹100 crore AI data centre order in Navi Mumbai

Aurionpro Solutions wins ₹100 crore AI data centre order in Navi Mumbai

0

DBT Bureau Pune, 13 August 2026 Aurionpro Solutions Limited said in an exchange filing that another significant order win from...

NYMEX Natural Gas futures post second monthly gain
Commodity

NYMEX Natural Gas futures post second monthly gain

0

DBT Bureau Pune, 29 Sep 2026 U.S. Henry Hub natural gas futures are on track to register a second consecutive...

Read moreDetails
Rupee holds steady as inflation eases and manufacturing outlook improves : Kedia Stocks & Commodities Research
Market

Rupee under pressure as crude oil, US yields and FPI outflows weigh on currency

0

DBT Bureau Pune, 29 Sep 2026 The Indian rupee remains under pressure near the ₹96-per-dollar level as expensive crude oil,...

Read moreDetails
Coforge appoints Akhil Kumar Gupta as new Chairperson
Business

Coforge appoints Akhil Kumar Gupta as new Chairperson

0

Athira Sethu Kochi, 29 Sep 2026 Coforge Ltd, an IT services company, has named Akhil Kumar Gupta as the new...

Read moreDetails
Moneyview IPO allotment date and how to check status
Market

Moneyview IPO allotment date and how to check status

0

Athira Sethu Kochi, 29 Sep 2026 The allotment of shares for the Moneyview IPO is scheduled to be concluded on...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Market
  • News
  • Data Story
  • Business
  • Media Release
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.