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

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

Persistent Systems to acquire Nagarro in EUR 81-per-share deal

Persistent Systems to acquire Nagarro in EUR 81-per-share deal

India’s Clean Energy ambition has a Grid problem

India’s Clean Energy ambition has a Grid problem

Historic surge in Income-Tax Returns filing for AY 2024-25: Key highlights and insights

These ITR filing mistakes you should avoid in 2026

Record FPI inflows boost Indian government bond market

Record FPI inflows boost Indian government bond market

Commodity market highlights: Precious metals decline, crude extends weekly losses

Commodity market highlights: Precious metals decline, crude extends weekly losses

Govt. of India steps up measures to combat online fraud, fake news and misleading advertisements

RBI’s new compensation rules for banking fraud victims

AI could cut global fuel production costs by $225 billion by 2050: Honeywell-MIT report

AI could cut global fuel production costs by $225 billion by 2050: Honeywell-MIT report

Tech Mahindra CEO Mohit Joshi earns ₹ 67.5 crore in FY26

Tech Mahindra CEO Mohit Joshi earns ₹ 67.5 crore in FY26

RBI proposes new rules for large NBFCs

RBI proposes new rules for large NBFCs

POSCO and JSW Steel partner for major integrated steel plant project in Odisha

POSCO and JSW Steel partner for major integrated steel plant project in Odisha

IBM brings frontier AI to enterprise security operations through OpenAI partnership

IBM brings frontier AI to enterprise security operations through OpenAI partnership

Honasa expands into health supplements with major acquisition

Honasa expands into health supplements with major acquisition

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Saturday, June 27, 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

Capgemini report: 25.3 million millionaires worldwide as stock markets boost wealth

Capgemini report: 25.3 million millionaires worldwide as stock markets boost wealth

0

DBT Bureau Pune, 6 June 2026 The 30th edition of the Capgemini Research Institute’s World Wealth Report 2026 found an...

Bandhan Bank Q3 FY26 results: Retail deposits rise, CASA ratio moderates

Bandhan Bank Q3 FY26 results: Retail deposits rise, CASA ratio moderates

0

DBT Bureau Pune, 4 Jan 2026 Key Highlights Advances grew 10% YoY to ₹1.45 lakh crore, supported by steady retail...

India’s coffee sector: Heritage, production strength and global recognition

India’s coffee sector: Heritage, production strength and global recognition

0

DBT Bureau Pune, 30 Nov 2025 Legend has it that India’s coffee journey began around 1600 AD when Sufi Saint...

A Hero’s Flight: The Story of Wing Commander Namansh Syal

A Hero’s Flight: The Story of Wing Commander Namansh Syal

0

DBT Bureau Pune, 22 Nov 2025 When Wing Commander Namansh Syal stepped into the Tejas cockpit that morning, he carried...

Persistent Systems to acquire Nagarro in EUR 81-per-share deal
News

Persistent Systems to acquire Nagarro in EUR 81-per-share deal

0

DBT Bureau Pune, 27 June 2026 Galaxy Germany Holding SE, a wholly owned direct subsidiary of Persistent Systems Ltd., has...

Read moreDetails
India’s Clean Energy ambition has a Grid problem
Opinion

India’s Clean Energy ambition has a Grid problem

0

By Sadananda Mohapatra, Senior Business Journalist Can India’s Grid Keep Up With Its Own Clean Energy Ambition? Reliance Industries is...

Read moreDetails
Historic surge in Income-Tax Returns filing for AY 2024-25: Key highlights and insights
Personal Finance

These ITR filing mistakes you should avoid in 2026

0

Athira Sethu Kochi, 27 June 2026 As we enter the period of filling Income Tax Return (ITR) for Assessment Year...

Read moreDetails
Record FPI inflows boost Indian government bond market
Market

Record FPI inflows boost Indian government bond market

0

Athira Sethu Kochi, 26 June 2026 Foreign portfolio investors (FPIs) have invested a record ₹39,640 crore in Indian government securities...

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.