• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Elon Musk and Sam Altman spar over Trump’s Stargate AI investment announcement

by January 25, 2025
written by January 25, 2025

A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in tech sparred over their rival artificial intelligence initiatives. 

The latest exchange began after OpenAI, where Altman is CEO, was revealed as a key player in Stargate, the AI infrastructure project President Donald Trump announced this week that is coming with a massive investment push.

“They don’t actually have the money,” Musk wrote in a long post on his social platform, X, about the new venture. It was not immediately clear whom Musk was initially referring to, but he soon followed up, naming SoftBank, Stargate’s main financial backer.

“SoftBank has well under $10B secured. I have that on good authority,” he said, without elaborating. Neither Musk nor his electronic car company Tesla have publicized any formal links.   

Altman responded praising Musk — “I genuinely respect your accomplishments and think you are the most inspiring entrepreneur of our time,” he wrote on X — but he called his SoftBank claim wrong. 

“I realize what is great for the country isn’t always what’s optimal for your companies, but in your new role i hope you’ll mostly put [America] first,” he added, using an American flag emoji.

In remarks to reporters Thursday, Trump weighed in on the dispute but gave no indication that Altman’s or OpenAI’s status on the project were threatened.

Without mentioning Altman by name, Trump mentioned Musk while referring to ‘one of the people he happens to hate.’

‘But I have certain hatreds of people, too,’ he said.

The spat has its roots in a pending lawsuit filed by Musk, a co-founder of OpenAI, over control of the company; it was rekindled after Trump’s announcement this week that OpenAI would be part of the $500 billion Stargate initiative designed to make the United States a world leader in AI.

Late Wednesday and into Thursday, Musk continued to hammer Altman, repeatedly citing posts during Trump’s 2016 presidential run in which Altman appeared to denounce Trump. 

By 8:30 p.m., Altman posted that he’d recently had a change of heart about the president: “watching @potus more carefully recently has really changed my perspective on him (i wish i had done more of my own thinking” he said in part. “i’m not going to agree with him on everything, but i think he will be incredible for the country in many ways!”

On Thursday morning, Altman posted, responding to Musk: “just one more mean tweet and then maybe you’ll love yourself…”

The tit-for-tat between Musk and Altman is a sign of both the struggle within the tech community to curry favor with Trump and how the AI race is driving the push for tech dominance. If putting out new, consumer-friendly devices was once the way for a tech company to gain power, the struggle to create the most advanced form of AI has almost completely taken over.   

The situation also points to the tension of Musk’s role as both a top Trump adviser and one of the world’s most powerful — and combative — business moguls. Musk has his own interest in AI through the X, which debuted Grok, its rival to OpenAI’s ChatGPT, in November.

The simmering Altman-Musk feud goes back years, well before Musk’s emergence in the U.S. political scene and even before the recent explosion of artificial intelligence technology. Companies have rushed to invest in AI infrastructure and development, so much so that it has accounted for a significant part of recent U.S. economic growth. A Goldman Sachs paper published in June, well before the announcement of the Stargate project, projected that AI capital expenditure could top $1 trillion.

OpenAI had generally been considered the leader in AI development, though it faces major competition from other startups, as well as most major tech giants that are believed to have closed the gap. That competition has made securing investments and partnerships all the more important in large part because of the sizable hardware and energy needs required to hone the models at the core of advanced AI.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Israel’s military will remain in Lebanon as ceasefire deadline nears
next post
Marco Rubio to Chinese foreign minister: Trump will put ‘American people first’ in US-China relations

related articles

Republican leaders announce two-track plan to end the...

April 3, 2026

Hershey to resume using chocolate in most products;...

April 2, 2026

Stocks have their worst quarter since 2022, raising...

April 2, 2026

A global jet fuel shortage is raising the...

April 2, 2026

Average U.S. gas price hits $4 for the...

April 2, 2026

The world economy is experiencing the most severe...

April 1, 2026

U.S. crude tops $100 and the S&P 500...

April 1, 2026

Trump says his ‘preference’ would be to ‘take...

April 1, 2026

Body found in Colombia amid search for missing...

March 31, 2026

When will TSA lines go back to normal?...

March 31, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Hillary Clinton celebrates decades of marriage to Bill after being ‘deeply hurt’: ‘We just have a good time’

    September 22, 2024
  • Rubio slams UNRWA as a ‘subsidiary of Hamas,’ vows it will not ‘play any role’ in delivering aid to Gaza

    October 24, 2025
  • National Police Association endorses Trump pick for FBI director

    December 6, 2024
  • China launches intercontinental ballistic missile into Pacific hours after Biden’s UN address

    September 25, 2024
  • Trump must make UN funding conditional on real reforms, ex-diplomat urges

    September 22, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,466)
  • Investing (1,568)
  • Stock (1,012)

Latest Posts

  • Carrie Underwood to perform ‘America the Beautiful’ at Trump inauguration

    January 13, 2025
  • Americans are flocking to Texas: 9 of the 10 fastest-growing U.S. cities are there

    July 24, 2024
  • Vance says India-Pakistan conflict ‘none of our business’ as Trump offers US help

    May 9, 2025

Recent Posts

  • TNT’s ‘Inside the NBA’ headed for ESPN and ABC after Warner Bros. Discovery settlement

    November 18, 2024
  • SkyWater pitches itself as all-American firm as Trump mulls more equity deals following Intel deal

    August 27, 2025
  • Republicans weigh in on what they hope and expect to hear in Trump’s RNC speech: ‘This is his moment’

    July 18, 2024

Editor’s Pick

  • ‘Too aggressive militarily’: Trump talks Hegseth’s role pardoning service members accused of war crimes

    March 4, 2025
  • Israeli forces seize documents that reveal Hamas plan for more elaborate attacks: report

    October 15, 2024
  • Apple iPhone’s voice-to-text feature periodically shows ‘Trump’ when user says ‘racist’

    February 25, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock