At a White House briefing, Trump, alongside prominent CEOs like Altman and Ellison, pledged that Stargate will invest a minimum of $500 billion in U.S. AI infrastructure by 2029, leading to the creation of over 100,000 American jobs swiftly. An initial $100 billion will kickstart the construction of AI data centers, with Texas as the starting point. However, Musk expressed skepticism about these plans, questioning SoftBank's financial backing. The tension between Musk and Altman stems from their complicated history regarding OpenAI, further complicating the narrative around this ambitious investment announcement.
Trump, joined by Altman, Oracle co-founder Larry Ellison, and SoftBank CEO Masayoshi Son, announced at a White House briefing on Tuesday that Stargate 'will invest at least $500 billion' in AI infrastructure in the U.S. by 2029 and create 'over 100,000 American jobs almost immediately.'
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