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

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

Paytm Europe secures payment licence in Luxembourg

Paytm Europe secures payment licence in Luxembourg

Carlsberg files secretly for ₹6,600 crore India IPO

Carlsberg files secretly for ₹6,600 crore India IPO

Indian Energy Exchange Q1 electricity traded volume rises 16% YoY to 37,534 MU

Indian Energy Exchange Q1 electricity traded volume rises 16% YoY to 37,534 MU

Review of June month – A stock market perspective: Sunil Subramaniam

Review of June month – A stock market perspective: Sunil Subramaniam

Data Story: India’s Renewable Energy

Adar Poonawalla Family Office invests Rs 700 crore in Inox Clean

Kotak Mahindra Bank announces 1:5 stock split; know its Q2 FY26 financials

Kotak Mahindra Bank buys Deutsche Bank’s India business

PSU banks begin Q1 FY27 on a strong note

PSU banks begin Q1 FY27 on a strong note

Fed’s Warsh keeps rate decision open for next meeting

Fed’s Warsh keeps rate decision open for next meeting

LTTS introduces Ainfonix 4.0 for industrial AI

LTTS introduces Ainfonix 4.0 for industrial AI

Bank of India pays ₹1,553.5 crore dividend to Government after FY26 profit rises 14%

Bank of India pays ₹1,553.5 crore dividend to Government after FY26 profit rises 14%

Big Tech layoffs in 2025 linked to AI and cost efficiency moves

Microsoft may announce new round of job cuts

Honeywell completes major business split, creates three standalone companies

Honeywell completes major business split, creates three standalone companies

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Friday, July 3, 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...

Paytm Europe secures payment licence in Luxembourg
News

Paytm Europe secures payment licence in Luxembourg

0

Athira Sethu Kochi, 3 July 2026 One 97 Communications, the parent company behind Paytm, has stated that the European subsidiary...

Read moreDetails
Carlsberg files secretly for ₹6,600 crore India IPO
Market

Carlsberg files secretly for ₹6,600 crore India IPO

0

Athira Sethu Kochi, 3 July 2026 The Danish brewing company Carlsberg A/S has initiated the process to float its Indian...

Read moreDetails
Indian Energy Exchange Q1 electricity traded volume rises 16% YoY to 37,534 MU
Market

Indian Energy Exchange Q1 electricity traded volume rises 16% YoY to 37,534 MU

0

DBT Bureau Pune, 3 July 2026 Indian Energy Exchange for the first quarter of the fiscal year 2027, achieved electricity...

Read moreDetails
Review of June month – A stock market perspective: Sunil Subramaniam
Market

Review of June month – A stock market perspective: Sunil Subramaniam

0

By Sunil Subramaniam, Financial Sector Veteran & Ex-MD of Sundaram Mutual Fund, Chennai June 2026: A classic game of two...

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.