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Satya Nadella on Elon Musk vs. Sam Altman’s $500 Billion Stargate Project Battle: ‘My $80 Billion’ The dollar is good,” Tesla boss responds

Arun Jain, 23/01/2025

2025-01-23 13:51:00 :

World’s richest man Elon Musk takes on Microsoft CEO Satya Nadella Tesla boss takes on OpenAI CEO Sam Altman on US President Donald Trump’s $500 billion announcement for artificial intelligence responded to the statement that the project was in dispute.

Microsoft CEO Satya Nadella was asked about the investment value of Stargate after Elon Musk claimed there was no funding for the new project.

“I don’t know much about the details of their investment,” Nadella said of Stargate in an interview with CNBC.

“Look, all I know is I’m happy with my $80 billion,” he added.

Microsoft’s Artificial Intelligence Initiative

On January 3, Microsoft announced that it would invest nearly $80 billion in building artificial intelligence data centers in fiscal year 2025 to train artificial intelligence models and deploy artificial intelligence and cloud-based applications globally. More than half of the total investment will be in the United States.

Elon Musk responds

After Nadella’s statement, Musk wrote on X: “Satya, on the other hand, is definitely rich.”

Elon Musk questions Stargate project

The Microsoft CEO’s comments come after the SpaceX founder questioned funding for the Stargate project announced by the US president, claiming that expected investment funds have not yet been received.

“They literally have no money,” Musk wrote on X

“SoftBank’s guarantee amount is well below $10B. I have full authority,” he added.

OpenAI CEO Sam Altman responded to Elon Musk’s claims: “It’s wrong and you know it.”

He also invited Musk to visit the project’s first site in Texas, which is under construction.

ALSO READ  TATA STEEL Q3 result on January 28, 2025, 2025: profit decreased by 36.37 %, profit was 326.64 million rupees, and revenue was 5364.83 million rupees.

“It’s good for the country. I realize what’s good for the country isn’t always what’s best for your company, but in your new role, I hope you’ll put (America) first,” Ott Mann wrote on X.

About the Stargate Project

Stargate Project is an artificial intelligence infrastructure company that plans to invest $500 billion in the United States over the next four years. According to the OpenAI website, the project’s goal is to make the United States a leader in artificial intelligence, provide jobs for Americans, and bring huge economic benefits to the world.

SoftBank, OpenAI, Oracle and MGX will fund the Stargate project. SoftBank and OpenAI are Stargate’s main partners, with the former responsible for financial affairs and the latter responsible for operational affairs. Microsoft is one of the major investors in OpenAI

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