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00:00Elon Musk just slammed Project Stargate.
00:02Could this be his latest move in his feud with OpenAI?
00:05Or is there something shady going on with its funding?
00:08Let's break it down.
00:10Shortly after President Donald Trump announced the launch of Project Stargate, the world's
00:14largest AI infrastructure initiative, Elon Musk took to X to question the funding, stating
00:19they don't actually have the money.
00:22Musk continued his claims with a second comment that said SoftBank had secured well under
00:27$10 billion, casting doubt on the project's financial backing.
00:31His comments can be seen under the Stargate project announcement posted on X, which states
00:36the new company intends to invest $500 billion over the next four years, with $100 billion
00:42set to be deployed immediately.
00:45The public grabbed their popcorn to see how the Musk OpenAI drama would unfold, with one
00:49X user noting, Trump announced it, aren't you and Larry good friends?
00:53This is confusing, can you please elaborate?
00:56If you are also confused, let's go through a little backstory as Musk and OpenAI, along
01:01with CEO Sam Altman, have quite the history.
01:06First things first, Stargate is a groundbreaking joint venture involving OpenAI, Oracle, SoftBank,
01:13and UAE-based investment firm MGX with plans to invest $500 billion over the next four
01:20years to develop AI infrastructures in the U.S.
01:24The project aims to build data centers capable of handling the immense processing demands
01:29of AI systems.
01:31Interestingly, Elon Musk, a prominent supporter and close ally of President Trump, and also
01:36former co-founder of OpenAI, has been left out of the project.
01:41Musk initially funded OpenAI when it launched in 2015, but left the organization in 2018
01:47and has since become one of its fiercest critics.
01:50I don't trust OpenAI.
01:51I started that company as a non-profit open source, now extremely closed source, and maximizing
01:59profit.
02:00In recent years, he's filed lawsuits against Altman and OpenAI, accusing them of violating
02:05agreements and betraying the company's original mission as a non-profit, according to the
02:09New York Times.
02:10The Los Angeles Time, however, reports that OpenAI says Musk was touting a revisionist
02:16history and called his legal claims incoherent.
02:20The online community was quick to react to Musk calling out Stargate funding, while some
02:25sided with Musk, with one fan writing, only Papa Elon has money like that.
02:31Others have come to the defense of the project's backers, posting, they do in fact have the
02:36money, listing their alleged assets and revenue stream worth.
02:40While another stated, Altman is a known bad actor, and OpenAI's balance sheet is anemic,
02:46and Mr. Softbank lost billions in the WeWork scam, making it questionable that they can
02:51raise huge sums necessary.
02:53The debate continues, but one thing is clear, Project Stargate is a big leap for AI, especially
02:59in the US.
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