Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Business

Elon Musk and Sam Altman spar over Trump’s Stargate AI investment announcement

by admin January 25, 2025
January 25, 2025
Elon Musk and Sam Altman spar over Trump’s Stargate AI investment announcement

A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in tech sparred over their rival artificial intelligence initiatives. 

The latest exchange began after OpenAI, where Altman is CEO, was revealed as a key player in Stargate, the AI infrastructure project President Donald Trump announced this week that is coming with a massive investment push.

“They don’t actually have the money,” Musk wrote in a long post on his social platform, X, about the new venture. It was not immediately clear whom Musk was initially referring to, but he soon followed up, naming SoftBank, Stargate’s main financial backer.

“SoftBank has well under $10B secured. I have that on good authority,” he said, without elaborating. Neither Musk nor his electronic car company Tesla have publicized any formal links.   

Altman responded praising Musk — “I genuinely respect your accomplishments and think you are the most inspiring entrepreneur of our time,” he wrote on X — but he called his SoftBank claim wrong. 

“I realize what is great for the country isn’t always what’s optimal for your companies, but in your new role i hope you’ll mostly put [America] first,” he added, using an American flag emoji.

In remarks to reporters Thursday, Trump weighed in on the dispute but gave no indication that Altman’s or OpenAI’s status on the project were threatened.

Without mentioning Altman by name, Trump mentioned Musk while referring to ‘one of the people he happens to hate.’

‘But I have certain hatreds of people, too,’ he said.

The spat has its roots in a pending lawsuit filed by Musk, a co-founder of OpenAI, over control of the company; it was rekindled after Trump’s announcement this week that OpenAI would be part of the $500 billion Stargate initiative designed to make the United States a world leader in AI.

Late Wednesday and into Thursday, Musk continued to hammer Altman, repeatedly citing posts during Trump’s 2016 presidential run in which Altman appeared to denounce Trump. 

By 8:30 p.m., Altman posted that he’d recently had a change of heart about the president: “watching @potus more carefully recently has really changed my perspective on him (i wish i had done more of my own thinking” he said in part. “i’m not going to agree with him on everything, but i think he will be incredible for the country in many ways!”

On Thursday morning, Altman posted, responding to Musk: “just one more mean tweet and then maybe you’ll love yourself…”

The tit-for-tat between Musk and Altman is a sign of both the struggle within the tech community to curry favor with Trump and how the AI race is driving the push for tech dominance. If putting out new, consumer-friendly devices was once the way for a tech company to gain power, the struggle to create the most advanced form of AI has almost completely taken over.   

The situation also points to the tension of Musk’s role as both a top Trump adviser and one of the world’s most powerful — and combative — business moguls. Musk has his own interest in AI through the X, which debuted Grok, its rival to OpenAI’s ChatGPT, in November.

The simmering Altman-Musk feud goes back years, well before Musk’s emergence in the U.S. political scene and even before the recent explosion of artificial intelligence technology. Companies have rushed to invest in AI infrastructure and development, so much so that it has accounted for a significant part of recent U.S. economic growth. A Goldman Sachs paper published in June, well before the announcement of the Stargate project, projected that AI capital expenditure could top $1 trillion.

OpenAI had generally been considered the leader in AI development, though it faces major competition from other startups, as well as most major tech giants that are believed to have closed the gap. That competition has made securing investments and partnerships all the more important in large part because of the sizable hardware and energy needs required to hone the models at the core of advanced AI.

This post appeared first on NBC NEWS

previous post
Market Internals Point to Large Growth Leadership
next post
UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

Related Posts

Richard Parsons, former Time Warner CEO, dies at...

December 28, 2024

Ben & Jerry’s co-founder resigns, claiming parent company...

October 3, 2025

How a $5 million fix turned Paramount Pictures’...

March 5, 2025

Bed Bath & Beyond relaunches with first store...

August 15, 2025

Procter & Gamble to cut 7,000 jobs as...

June 10, 2025

U.S. could take stakes in more firms, White...

August 26, 2025

Nvidia results spark global chip rally

May 30, 2025

First the token, now the swipe: NYC’s subway...

March 20, 2025

A man once sued by the SEC wins...

May 22, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 29, 2025

Recent Posts

  • 171 million travelers face airport delays as Democrats’ DHS shutdown hits TSA staffing, Scalise warns
  • FDA launches new AI-powered system to track drug and vaccine side effects nationwide
  • Cornyn reverses on filibuster stance to push Trump’s SAVE Act in Senate
  • DAVID MARCUS: Sen Thune has no idea how mad the GOP base is at him
  • Trump touts 5-0 sweep by endorsed candidates in Tuesday primary elections

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • 171 million travelers face airport delays as Democrats’ DHS shutdown hits TSA staffing, Scalise warns

    March 12, 2026
  • FDA launches new AI-powered system to track drug and vaccine side effects nationwide

    March 12, 2026
  • Cornyn reverses on filibuster stance to push Trump’s SAVE Act in Senate

    March 12, 2026
  • DAVID MARCUS: Sen Thune has no idea how mad the GOP base is at him

    March 12, 2026
  • Trump touts 5-0 sweep by endorsed candidates in Tuesday primary elections

    March 12, 2026
  • US destroys 16 Iranian mine boats as Strait of Hormuz oil showdown escalates

    March 12, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 4

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (630)
  • Investing (3,251)
  • Politics (3,955)
  • Stocks (1,072)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved