Tech CEOs protested Trump’s Stargate AI project

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L-R: Satya Nadella, CEO of Microsoft, Marc Benioff, Chairman and CEO of Salesforce and Elon Musk, CEO of Tesla and SpaceX.

Reuters

After President Donald Trump unveiled his $500 billion private AI investment project, a clash of tech giants has erupted.

Earlier this week, Trump announced a joint venture with OpenAI. Oracle And Soft Bank To invest billions of dollars in domestic computing capacity to boost AI development in the United States.

Dubbed Stargate, the project was announced at the White House by Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle co-founder Larry Ellison. Son becomes the chairman of Stargate, a semiconductor company Arm, Microsoft, NiveaOracle and OpenAI serve as key initial technology partners.

The executives pledged to invest an initial $100 billion and up to $500 billion over the next four years.

The first blow was thrown by Elon Musk – a close ally of Trump and himself a key figure in AI at the start-up xAI – in a post on the X social media platform, companies involved in the project “You really don’t have money.“To support the investment.

“SoftBank is safe under $10B. I have that on good authority,” Musk added in a follow-up post. Altman, Responding to Musk’s lawsuitHe said. As you well know, it is wrong.

“Would you like to visit the first site about to launch?” Altman added. “This is good for the country. I understand that what’s best for the country isn’t always what’s best for your companies, but I hope you put (America) first in your new role.”

Musk leads the Office of Government Efficiency, or DOGE, the White House’s flagship government efficiency effort. In the year He was Trump’s biggest financial backer in the 2024 election.

A Microsoft-OpenAI rift has emerged.

‘I’m good at $80 billion’

Watch CNBC's full interview with Microsoft Chairman and CEO Satya Nadella

“Sam (Altman) wants to continue with the rules to build more computation so he can train more models,” Nadella told CNBC. “We have the right of first refusal. It comes to us first. If we meet these needs, then we clear it. If not, it can go to these other providers.”

Asked about Musk’s claim that OpenAI and other companies involved in Stargate don’t have the cash to meet the initial $100 billion commitment, Nadella said, “All I know is, I’m good for $80 billion.”

As early as 2025, Microsoft announced plans to spend $80 billion on building data centers to boost its AI efforts.

“I’m going to spend $80 billion to build Azure,” Nadella told CNBC. “Customers can count on Microsoft.”

— CNBC’s Eamon Javers and Kevin Breuninger contributed to this report