Business tycoon and CEO of X, Elon Musk, is skeptical about whether there will be enough funding to sustain the massive $500 billion artificial intelligence (AI) infrastructure project. President Donald Trump on tuesday.

The new project, called Stargate, will see Softbank, OpenAI and Oracle join forces to build data centers in the US to further the development of artificial intelligence, which promises to improve productivity by automating work.

Oracle chairman Larry Ellison also suggested that the project could facilitate the treatment of diseases such as cancer, possibly leading to the development of a special vaccine. technology with digital health records.

Elon Musk, right, is skeptical that there will be enough funding to implement the $500 billion artificial intelligence infrastructure project announced by President Donald Trump on Tuesday. OpenAI CEO Sam Altman, left, pushed back on Musk's claims. (Getty Images/Getty Images)

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The initial investment will be 100 billion dollars and it is expected to reach five times this amount. Microsoft, NVIDIA, investor MGX and chip manufacturers Arm are also partners in the project.

“The Stargate Project is a new company that intends to invest $500 billion over the next four years to build a new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately,” OpenAI said in an announcement sent to X on Tuesday.

But MuskOpenAI CEO Sam Altman, who has a strained relationship with X, has suggested he doesn't have the money to back the AI ​​company's announcement.

“They don't actually have money,” Musk said on X in response to OpenAI's post.

Musk later followed up with the post, “SoftBank has over $10 billion in protection. I have good authority.”

But Altman responded to Musk's claims.

President Donald Trump speaks in the Roosevelt Room of the White House on Tuesday in Washington, DC. (Jim Watson/AFP via Getty Images/Getty Images)

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“Wrong, as you probably know. Do you want to visit the first site that is already in progress?” Altman wrote.

“It's great for the country. I understand that what's good for the country isn't always optimal for your companies, but in your new role, I hope you'll basically put America first.”

Altman also moderated the situation, praising Musk for being one of the “most inspiring entrepreneurs of our time.”

In March, Tesla announced that Musk was the CEO ChatGPT maker sues OpenAI and Altman, among others, said they abandoned the company's original founding mission to develop open-source artificial general intelligence technology for the benefit of humanity rather than profit.

Meanwhile, a source familiar with Stargate told FOX Business that Stargate is ready to use the $100 billion immediately.

The companies in the venture are well-positioned to invest with capital from well-capitalized founding partners, additional capital from co-investors, as well as capital from third-party debt and other sources, the source said.

OpenAI, SoftBank and Oracle are joining forces to build data centers in the US for the future development of artificial intelligence. (Dilara Irem Sancar/Anadolu via Getty Images/Getty Images)

SoftBank, for example, had $24.3 billion in cash on its balance sheet as of September 30, 2024, according to recent earnings. As for earnings, SoftBank's credit ratio was 12.5%.

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MGX is understood to have $100 billion in capital commitments and $11 billion in cash on Oracle's balance sheet. while OpenAI It recently announced a capital increase of more than $10 billion, according to a source.

CEO of Microsoft On Wednesday, Satya Nadella said on CNBC that Microsoft had committed $80 billion to the project when asked about Musk's comments.

“All I know is that I'm good for my $80 billion,” Nadella said. “Customers can count on Microsoft to make OpenAI models available anywhere in the world, serving OpenAI models and other models.”

FOX Business understands that the companies involved in Stargate have not decided how they will break the bonds on the $500 billion figure. Some may put more into the project than others.