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

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

Coal India to invest ₹1,900 crore in R&D by FY30

Coal India to invest ₹1,900 crore in R&D by FY30

Why Bandhan Group acquired Genisys? Will it set a new trend for Indian banks!

Bandhan Bank CFO Rajeev Mantri steps down

Aluminium prices correct 17% after record high, outlook remains stable

Aluminium prices correct 17% after record high, outlook remains stable

Axis Bank CFO Puneet Sharma resigns after over six years

Axis Bank CFO Puneet Sharma resigns after over six years

Tata Communications expands India-Singapore subsea network

Tata Communications expands India-Singapore subsea network

Kotak Mahindra Bank shares slip after CEO Ashok Vaswani plans exit

Kotak Mahindra Bank shares slip after CEO Ashok Vaswani plans exit

Copper eyes recovery after sharp June correction: Kedia Advisory report

Copper eyes recovery after sharp June correction: Kedia Advisory report

Turtlemint Fintech to debut on stock exchanges today; Prabha Energy partly paid shares to list on July 2

Turtlemint Fintech to debut on stock exchanges today; Prabha Energy partly paid shares to list on July 2

PFC and REC approve merger to build India’s biggest power financing company

PFC and REC approve merger to build India’s biggest power financing company

Piyush Goyal: UK–India FTA to be India’s most comprehensive trade agreement, effective in July

Piyush Goyal: UK–India FTA to be India’s most comprehensive trade agreement, effective in July

OpenAI introduces GPT-5.6 Sol, Terra and Luna in limited preview

OpenAI introduces GPT-5.6 Sol, Terra and Luna in limited preview

Persistent Systems secures $650 million deal with US tech firm

Persistent Systems secures $650 million deal with US tech firm

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Tuesday, June 30, 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...

Coal India to invest ₹1,900 crore in R&D by FY30
Market

Coal India to invest ₹1,900 crore in R&D by FY30

0

DBT Bureau Pune, 30 June 2026 Responding to the evolving energy landscape, Coal India Limited (CIL) has intensified its Research...

Read moreDetails
Why Bandhan Group acquired Genisys? Will it set a new trend for Indian banks!
Finance

Bandhan Bank CFO Rajeev Mantri steps down

0

Athira Sethu Kochi, 30 June 2026 The resignation of Bandhan Bank's CFO and Executive President, Mr. Rajeev Mantri has been...

Read moreDetails
Aluminium prices correct 17% after record high, outlook remains stable
Commodity

Aluminium prices correct 17% after record high, outlook remains stable

0

DBT Bureau Pune, 30 June 2026 Aluminium prices corrected sharply during June after rallying to a lifetime high of ₹397.10/kg,...

Read moreDetails
Axis Bank CFO Puneet Sharma resigns after over six years
Business

Axis Bank CFO Puneet Sharma resigns after over six years

0

Athira Sethu Kochi, 30 June 2026 The shares of Axis Bank are expected to draw investors' interest in the wake...

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.