SoftBank ‘doesn’t have the money’ for $500 billion Stargate AI infrastructure investment plan

Investing.com – President Trump on Tuesday announced a massive AI infrastructure project involving OpenAI, Oracle (NYSE:) and SoftBank (TYO:), with an investment plan of up to $500 billion. The project, called Stargate, is described as “the largest AI infrastructure project in history,” with the United States leading the effort.

However, Elon Musk, CEO of Tesla (NASDAQ:) and a close ally of President Trump, has expressed concerns about financing this project. Musk stated that they currently “don’t have the money” for the project. He also noted that SoftBank, one of the major players in the project, received less than $10 billion. Musk confirmed that he obtained this information from a reliable source.

This massive investment in AI infrastructure is set to include major players in the technology industry, including OpenAI and Oracle. The exact details of the investment plan and how the funds will be allocated among the parties involved have not yet been revealed.

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