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Benzinga
Benzinga
Business
Ananya Gairola

Elon Musk Doubles Down On OpenAI-Softbank Stargate Doubts—Says 'They Simply Don't' Have Money For The $500 Billion AI Infrastructure Push

Elon Musk OpenAI SoftBank Nasdaq SoftBank Group Tesla Inc.
Paris,,France,-,June,16,,2023:,Elon,Musk,,Founder,,Ceo,

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has renewed his skepticism over the ambitious Stargate project—a $500 billion AI infrastructure venture between OpenAI and SoftBank Group (OTC:SFTBF) (OTC:SFTBY)—saying the plan lacks actual financial backing.

What Happened: On Monday, The Wall Street Journal reported that the high-profile Stargate project, announced at the White House six months ago, has stalled.

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