Trump waves off criticism from Elon Musk on AI announcement

U.S. President Donald Trump on Thursday dismissed criticism from close ally Elon Musk about a $500 billion artificial intelligence project that Trump announced with great fanfare at the White House earlier this week.

Trump announced on Tuesday that ChatGPT's creator OpenAI, SoftBank (9984.T), opens new tab, and Oracle (ORCL.N), opens new tab are planning a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States.

SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle Chairman Larry Ellison joined Trump at the White House for the launch.

Musk, the Tesla CEO and the world's richest man who has become a close adviser to Trump, is a rival of Altman and is in an ongoing lawsuit with OpenAI.

In a post on X on Wednesday, Musk doubted the group can put together the funding for the project.

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