Contact Members/Sign Up Reg Form

Elon Musk Criticizes Trump's $500B AI Plan; Sam Altman Responds

Photo : Reuters

Sam Altman, CEO of OpenAI, has responded to Elon Musk’s criticism of the $500 billion project called Stargate. Musk raised concerns about the project’s funding, saying it might not have enough money to move forward. He pointed out that SoftBank, one of the backers, had only raised less than $10 billion out of the $100 billion needed to start the project.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel  

In reply, Altman said Musk’s claims were wrong and asked him to focus on what’s best for the country. He suggested that Musk should think about the U.S. first, rather than focusing on his own businesses.

Stargate is a big project introduced by former President Donald Trump. The goal is to make the U.S. a leader in technology, create 100,000 jobs, and spend a lot of money on advanced technology. The plan is to start with $100 billion, and eventually reach $500 billion in four years. But it’s still not clear how all the money will be raised.

The companies involved in the project, including OpenAI, SoftBank, Oracle, and the MGX fund from Abu Dhabi, are contributing some of their own money. They also plan to bring in more investors and maybe take out loans to meet the $100 billion needed.

Musk, who helped start OpenAI but left the company in 2018 because of disagreements with Altman, has often criticized OpenAI. He believes the company is focused on making money instead of creating helpful technology for everyone.

Musk’s latest comments about Stargate add to the tension between him and Altman. This could also affect Musk’s new role as co-chair of the Department of Government Efficiency. Stargate is a key part of Trump’s economic plans, and the disagreement could complicate things for Musk.

Jan. 23, 2025 12:52 p.m. 391

#trending #latest #Stargate #ElonMusk #SamAltman #OpenAI #AIproject #TechLeadership #DonaldTrump #SoftBank #Oracle #FundingIssues #USTech #EconomicPlans #InvestInAI #GovernmentEfficiency #MuskCriticism #AltmanResponse #TechNews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai

Sultan bin Ahmed attends UOS Alumni Association ceremony

uae news / uae-national
Jan. 24, 2025 6:05 p.m. 370

Sheikh Sultan bin Ahmed, Deputy Ruler of Sharjah, attended the annual University of Sharjah Alumni Association ceremony at the University City Hall courtyard....Read More.

Dubai Humanitarian Boosts Medical Aid to Gaza with Three New Airlifts

travel & tourism / travel guides
Jan. 24, 2025 5:57 p.m. 276

Under Sheikh Mohammed's directives, Dubai Humanitarian to send three airlifts with medical aid to Gaza....Read More.

Sultan bin Ahmed attends UOS Alumni Association ceremony

Sheikh Sultan bin Ahmed, Deputy Ruler of Sharjah, attended the annual University of Sharjah Alumni Association ceremony at the University City Hall courtyard.

Dubai Humanitarian Boosts Medical Aid to Gaza with Three New Airlifts

Under Sheikh Mohammed's directives, Dubai Humanitarian to send three airlifts with medical aid to Gaza.

MBZUAI Opens Registration for 6th Executive Program in AI

The program concludes with capstone projects where students collaborate in teams to use their AI skills to create practical solutions for real-world challenges

When is the Best Time to Visit Dubai? A Simple Guide

Discover the best time to visit Dubai with our simple guide.

Judge blocks Trump's order on restricting birthright citizenship

A federal judge halted Trump's order limiting automatic birthright citizenship, calling it blatantly unconstitutional

Emirates to Resume Flights to Beirut and Baghdad from 1 February

Emirates will resume daily flights to Beirut, Lebanon, and Baghdad, Iraq, starting 1 February 2025.

DP World enabled Multi-Currency Stablecoin for Global Trade Settlements

DP World, a logistics leader, partners with global financial institutions and tech firms to tackle inefficiencies in cross-border payments.

Djokovic Retires Injured, Sending Zverev to Australian Open Final

Novak Djokovic retired injured after losing the first set 7-6(5) to Alex Zverev, sending the German to his first Australian Open final

UAE Government, WEF Partner to Launch 'Global Regulatory Innovation Platform'

UAE Government, World Economic Forum Partner to Develop 'Global Regulatory Innovation Platform'

Wondershare to Showcase AI Innovations at LEAP 2025 Event

From February 9-12, visitors at H3.E150 can explore AI-powered tech that transforms creative workflows and helps creators and businesses work smarter.

Get In Touch

3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE

+971 52 602 2429

info@dxbnewsnetwork.com

LAUNCH OF DNN
Follow Us

© DNN. All Rights Reserved.