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Benzinga
Benzinga
Business
Anusuya Lahiri

Elon Musk Says 'They Simply Don't' Have The Funding, Doubts Stargate AI

Elon Musk Inspired ‘Squid Game’ Villains, Says Creator

On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Arm Holdings (NASDAQ:ARM), Marvell Technology (NASDAQ:MRVL), and Qualcomm (NASDAQ:QCOM), traded lower.

This decline comes after the reports of significant disagreements between OpenAI and SoftBank (OTC:SFTBY) regarding the operational control and execution of the ambitious $500 billion Stargate AI project, leading to a substantial scale-back of its original scope.

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