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 to invest $500B in U.S. AI infrastructure after President Donald Trump touted the joint venture, dubbed the Stargate project, on the first full day of his second term, CNBC’s Kevin Kevin Breuninger reports. “SoftBank has well under $10B secured. I have that on good authority,” Musk said. On Wednesday morning, OpenAI CEO Sam Altman replied directly to Musk, saying that while he genuinely respects “your accomplishments and think you are the most inspiring entrepreneur of our time,” Musk’s claim about Softbank’s liquidity was “wrong, as you surely know.” Musk’s post about Softbank was “far off base,” according to a person familiar with the AI project.
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