Musk undercuts Trump's Stargate AI investment announcement
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Elon Musk criticized the financial capability of OpenAI, Oracle, and Softbank to fulfill their $500 billion investment pledge in U.S. AI infrastructure, a project announced by President Trump as the Stargate project.
January 22, 2025 | 4:30 pm
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Oracle is part of a joint venture with OpenAI and Softbank to invest $500 billion in U.S. AI infrastructure, but Elon Musk doubts their financial capability to fulfill this pledge.
Elon Musk's public skepticism about Oracle's financial ability to support the Stargate project could negatively impact investor confidence in Oracle's stock, leading to potential short-term price declines.
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