Elon Musk says 'they don't actually have the money' to build huge $500 billion Stargate system

Elon Musk on the new Project Stargate system with $500 billion of funding, says 'they don't actually have the money' to build the AI system.

Elon Musk says 'they don't actually have the money' to build huge $500 billion Stargate system
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Gaming Editor
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TL;DR: President Trump announced Project Stargate, a $500 billion AI infrastructure initiative, with support from OpenAI, Oracle, and SoftBank. However, Elon Musk claims the funding is insufficient, with SoftBank securing less than $10 billion. The project aims to keep AI advancements within the U.S., countering global competition.

President Trump announced an ambitious $500 billion AI infrastructure called Project Stargate, but now SpaceX and Tesla boss Elon Musk has said: "they don't actually have the money". Check out his post on X below:

In recent news, the Trump administration had OpenAI CEO Sam Altman, Oracle CEO Larry Edison, and SoftBank CEO Masayoshi San starting a $100 billion investment into Project Stargate, with a goal of $500 billion in the coming four years. NVIDIA, Microsoft, and other partners are involved in the AI supercomputer project.

Musk posted on X that "they don't actually have the money" adding that "SoftBank has well under $10B secured. I have that on good authority". This is some strong comments from the SpaceX and Tesla boss, considering he's involved with DOGE inside of the Trump administration (not the cryptocurrency, but rather the Government of Department Efficiency).

President Trump said: "What we want to do is we want to keep it in this country. China is a competitor, others are competitors. We want to be in this country, and we're making it available. I'm gonna help a lot through emergency declarations, because we have an emergency, we have to get this stuff built. So they have to produce a lot of electricity. And we'll make it possible for them to get this production done easily, at their own plants if they want".

OpenAI CEO Sam Altman said at The White House: "I think this will be the most important project of this era. We wouldn't be able to do this without you, Mr. President".

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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