Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.

But within hours of the announcement, SpaceX CEO Elon Musk had already started taking shots at Trump's highly touted project. Newsweek reached out to SpaceX and a White House spok

Tesla (TSLA) and SpaceX CEO Elon Musk said OpenAI, Oracle (ORCL) and Softbank (SFTBY) “don’t actually have the money” to back up their pledge

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

But nuclear’s recent history has been beset by cost overruns and delays. The fresh crop of nuclear startups were largely founded to overcome those hurdles by modularizing and mass producing reactor components. If all goes as planned, the approach could speed approvals and construction of new nuclear plants.

President Trump says he likes Biden's idea to open up federal lands for AI data centers. His White House is looking for ways to ensure U.S. dominance in the sector.

Elon Musk had sharp words for a private-sector partnership touted this week by the Trump administration to hasten the development of artificial intelligence infrastructure. “They don’t actually have the money,” Musk said of two of the participants in the $500 billion initiative, OpenAI and SoftBank, on his social media site X.

SoftBank Group CEO Masayoshi Son is shifting his focus away from investments in China and toward the US, as seen with his involvement with President Donald Trump and the recently announced Stargate.

Explore the pros and cons of the first round of technology developments from President Trump's first week in office. What impact will his bold tech moves have?