Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Trump waves off criticism from Elon Musk on AI announcement

by
January 24, 2025
in Investing
0
Trump waves off criticism from Elon Musk on AI announcement

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday dismissed criticism from close ally Elon Musk about a $500 billion artificial intelligence project that Trump announced with great fanfare at the White House earlier this week.

Trump announced on Tuesday that ChatGPT’s creator OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL) are planning a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States.

SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Chairman Larry Ellison joined Trump at the White House for the launch.

Musk, the Tesla (NASDAQ:TSLA) CEO and the world’s richest man who has become a close adviser to Trump, is a rival of Altman and is in an ongoing lawsuit with OpenAI.

In a post on X on Wednesday, Musk doubted the group can put together the funding for the project.

“They don’t actually have the money,” Musk said. “SoftBank has well under $10B secured. I have that on good authority.”

Trump, taking questions from reporters at the White House on Thursday, was asked if Musk’s criticism of the AI deal bothered him.

“It doesn’t. He hates one of the people in the deal,” Trump said of Musk. “People in the deal are very, very smart people. But, Elon, one of the people he happens to hate. I have certain hatreds of people, too.”

As for Musk’s claims about insufficient funding, Trump said: “I don’t know if they do, but you know, they’re putting up the money. The government’s not putting up anything, they’re putting up money. They’re very rich people, so I hope they do.”

A Trump adviser wondered whether the incident would lead to a split between Trump and Musk, who is leading Trump’s government efficiency project.

“The end may be in sight,” the adviser said.

This post appeared first on investing.com
Previous Post

Blackstone to buy $1 billion Virginia power plant near data centers

Next Post

Meta seeks urgent fix to AI chatbot’s confusion on name of US president

Next Post
Meta seeks urgent fix to AI chatbot’s confusion on name of US president

Meta seeks urgent fix to AI chatbot’s confusion on name of US president

  • Trending
  • Comments
  • Latest
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

March 13, 2026
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

March 13, 2026
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

March 13, 2026
Fuji Media, rocked by sexual misconduct allegations, says executives to resign

Fuji Media, rocked by sexual misconduct allegations, says executives to resign

March 13, 2026

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026
    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    March 13, 2026
    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    March 13, 2026

    Top News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026

    Latest News

    • Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP
    • Analysis-To weather Trump, emerging market investors look to the frontier
    • China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.