Following a series of executive orders, President Trump fielded questions from reporters regarding the substantial $500 billion investment in AI infrastructure, involving prominent figures like Elon Musk and Sam Altman. Over the course of the inquiries, Trump confirmed that Elon Musk's companies are backing the funding, although Musk tweeted skepticism about their financial capabilities. Trump countered concerns about AI replacing jobs by stating it would create numerous opportunities, further emphasizing the positive economic impacts this initiative could foster for the U.S. and global markets.
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.
We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.
It's going to create tremendous numbers of jobs. It's going to also create a lot of opportunities.
They don't actually have the money. The post quickly made headlines as critics and observers suggested the tweet undercut the president.
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