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

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

OnEMI Technology makes solid debut on listing

OnEMI Technology makes solid debut on listing

Anthropic partners with Blackstone, Hellman & Friedman and Goldman Sachs to launch enterprise AI services firm

Anthropic partners with Blackstone, Hellman & Friedman and Goldman Sachs to launch enterprise AI services firm

SBI reports modest profit growth amid market selloff: Data story

SBI reports modest profit growth amid market selloff: Data story

Precious metals extend rally as dollar weakens; copper hits multi-month high

Precious metals extend rally as dollar weakens; copper hits multi-month high

MCX delivers record FY26 performance; PAT jumps 138% YoY to ₹ 1,332 crore

MCX delivers record FY26 performance; PAT jumps 138% YoY to ₹ 1,332 crore

InCred Holdings files updated IPO draft papers

InCred Holdings files updated IPO draft papers

NSE’s Gold EGR: India’s newest way to own gold — Digitally, yet physically

NSE’s Gold EGR: India’s newest way to own gold — Digitally, yet physically

China copper output hits record high despite cut plans

China copper output hits record high despite cut plans

The return of the king: Middle East fires ignite coal’s massive comeback

Electricity trading prices crash during India’s poll week

BJP rule rekindles hopes for major Kolkata port expansion

BJP rule rekindles hopes for major Kolkata port expansion

India holds sugar export policy steady amid weak demand

India holds sugar export policy steady amid weak demand

Crude oil prices drop as US Iran peace talks continue

Crude oil prices drop as US Iran peace talks continue

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Sunday, May 10, 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

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...

The basics of NumPy for data analysis

The basics of NumPy for data analysis

0

Athira Sethu Kochi, 30 Oct 2025 NumPy‍‌‍‍‌‍‌‍‍‌ is a Python tool that makes your work with lists of numbers easier....

OnEMI Technology makes solid debut on listing
Market

OnEMI Technology makes solid debut on listing

0

Athira Sethu Kochi, 9 May 2026 Shares of OnEMI Technology, the parent company of digital lending platform Kissht, made a...

Read moreDetails
Anthropic partners with Blackstone, Hellman & Friedman and Goldman Sachs to launch enterprise AI services firm
Media Release

Anthropic partners with Blackstone, Hellman & Friedman and Goldman Sachs to launch enterprise AI services firm

0

DBT Bureau Pune, 9 May 2026 Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs announced the formation of a new...

Read moreDetails
SBI reports modest profit growth amid market selloff: Data story
Data Story

SBI reports modest profit growth amid market selloff: Data story

0

Athira Sethu Kochi, 9 May 2026 State Bank of India (SBI) shares came under heavy selling pressure on Friday, May...

Read moreDetails
Precious metals extend rally as dollar weakens; copper hits multi-month high
Commodity

Precious metals extend rally as dollar weakens; copper hits multi-month high

0

DBT Bureau Pune, 9 May 2026 Precious metals continued their upward momentum amid easing dollar strength, persistent geopolitical tensions between...

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.