U.S. President Donald Trump announced Stargate, a $500 billion AI infrastructure project that's expected to provide 100,000 jobs and boost the American economy, but Elon Musk believes the three companies leading the project don't have the funds.

Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY -0.36% + Free Alerts SFTBF + Free Alerts has “well under $10B secured.”

Elon Musk criticises OpenAI and SoftBank's $500 billion Stargate Project for AI infrastructure, doubting their financial capabilities. The initiative involves major tech companies like Oracle, MGX, Arm,

Elon Musk asked a judge to block OpenAI's attempt to transition from nonprofit to for-profit. It's not the first time he's feuded with CEO Sam Altman.

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

SoftBank ( SFTBY) first made the $100 billion commitment in early December during a visit by founder and CEO Masayoshi Son to Trump's home in Mar-a-Lago.

Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn't there.

Fortune reported that this announcement has put Sam Altman in the spotlight, much to the frustration of his former collaborator, Elon Musk. Musk, who has long been a major backer of Trump, was once close with Altman when they co-founded OpenAI in 2015. However, their relationship has soured over time, evolving into a fierce rivalry.

Billionaire DOGE director Elon Musk has lost favor among President Donald Trump’s allies after publicly trashing a $500 billion artificial intelligence venture. Unveiled by President Trump on Tuesday as “Stargate,

US President Donald Trump announced on Tuesday that ChatGPT's creator OpenAI, SoftBank, and Oracle are planning a joint venture called Stargate, which he said will build data centers and create more than 100,

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.