• 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

Nike pushes back Skims launch with Kim Kardashian...

June 19, 2025

DOJ seizes record $225 million in crypto tied...

June 19, 2025

Amazon expects to cut corporate jobs as it...

June 18, 2025

Streaming overtakes cable and broadcast as the most-watched...

June 18, 2025

Kraft Heinz to remove artificial dyes from U.S....

June 17, 2025

Trump-branded wireless service launches — with a gold...

June 17, 2025

Meta is finally bringing ads to WhatsApp

June 17, 2025

Starbucks moves to the next phase in its...

June 17, 2025

Trump made millions on guitars, Bibles and watches...

June 16, 2025

Anne Wojcicki to buy back 23andMe and its...

June 16, 2025
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

  • ‘Take a seat’: Obama ripped for being on ‘high horse’ during first post-election speech

    December 7, 2024
  • Trump proclaims that ‘wokeness is dead,’ calls to permanently ban sex changes for minors

    March 5, 2025
  • Trump says Taylor Swift endorsing Harris was ‘just a question of time’

    September 11, 2024
  • New study exposes green energy org’s ties to CCP interests while undermining US

    June 11, 2025
  • Swiss-born liberal megadonor slapped with lawsuit for allegedly groping, sexually harassing winery employee

    May 19, 2025

Popular Posts

  • 1

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

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,008)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Here’s how the US and Israel could thwart Iran’s nuclear efforts under a new Trump administration

    November 23, 2024
  • Pro-lifers pounce on Fetterman for opposing ‘Born-Alive Abortion Survivors Protection Act’: ‘Infanticide’

    January 23, 2025
  • Bond markets tumble as year-end trading amplifies rate cut concerns

    December 27, 2024

Recent Posts

  • UK lawmakers vote in favor of bill legalizing assisted dying

    November 29, 2024
  • Ripple and Tron: Tron in pullback since Saturday

    August 13, 2024
  • Trump’s trade representative pick to appear before Senate Finance Committee

    February 6, 2025

Editor’s Pick

  • NEWT GINGRICH: The Trump-Johnson-Thune budget victory

    March 15, 2025
  • US Ambassador to Israel Mike Huckabee indicates US is working to offer evacuation options

    June 19, 2025
  • Walz says Harris picked him for VP to ‘code talk to White guys’

    April 30, 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