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'I'm good for my $80 billion': Satya Nadella's epic remark amid Elon Musk-Sam Altman spat over $500 billion AI project

Tech titan Elon Musk cast doubt on a $500 billion AI project announced by Donald Trump, saying the money promised for the investment actually wasn't there.

Updated on: Jan 23, 2025, 14:07:54 IST
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Billionaire Elon Musk reacted to a statement by Microsoft CEO Satya Nadella who was asked about the public spat between the Tesla chief and OpenAI CEO Sam Altman over the $500 billion AI project announced by US President Donald Trump.

Elon Musk reacted to a comment by Satya Nadella on the Stargate project.
Elon Musk reacted to a comment by Satya Nadella on the Stargate project.

It began when Elon Musk cast doubt on the Stargate project announced by Trump, saying the money promised for the investment actually wasn't there.

“They don’t actually have the money,” Musk wrote on his social platform X. “SoftBank has well under $10B secured. I have that on good authority.”

Altman responded Wednesday to say Musk was “wrong, as you surely know” and inviting Musk to come visit the first site in Texas that is already under construction.

Meanwhile, in an interview on CNBC, Microsoft CEO Satya Nadella was asked about Musk questioning value of the investment in the Stargate project.

“I’m not particularly in the details on what they’re investing," Nadella said about Stargate.

When asked about Musk’s posts on X claiming the money was not there for the project, Nadella said, “Look, all I know is, I’m good for my $80 billion.”

Reacting to a clip of the Nadella interview, Elon Musk said on X, “On the other hand, Satya definitely does have the money.”

Nadella replied to Musk's post, stressing on the larger goal of the project: “And all this money is not about hyping AI, but is about building useful things for the real world,” the Indian-origin tech leader said.

The comments by Elon Musk on the Trump-backed project marked a rare instance of a split between the world's richest man and Trump.

Microsoft is a key investor in OpenAI which listed the Nadella-headed software giant as one of its key initial partners in the Stargate project.

(Also Read: ‘Elon Musk is our Einstein’: JPMorgan CEO lauds Musk, squashes long-running feud between the billionaires)

What is the Stargate AI project?

In his first full day in the White House, Donald Trump announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI.

Trump said the venture, called Stargate, "will invest $500 billion, at least, in AI infrastructure in the United States."

  • Shylaja Varma
    ABOUT THE AUTHOR
    Shylaja Varma

    Shylaja Varma is the Trending Editor at Hindustan Times. Having worked in some of India’s top newsrooms, she has established herself as a keen observer of internet culture. Her work often bridges the gap between fast-paced digital developments and traditional reportage. From writing about the human toll of disasters and decoding the hottest memes to tracking what Elon Musk, Indian CEOs, billionaires and tech leaders are doing on social media, Shylaja’s editorial lens is defined by accuracy, speed and a deep understanding of the online landscape. She also writes stories about Indians abroad, the NRI life and struggles. She also has a keen eye for stories about Bengaluru and its startup and IT culture, having grown up in the Karnataka capital and seen its evolution. Prior to her current role, Shylaja spent several years at CNN-News18, NDTV and Moneycontrol, where she honed her skills in real-time news reporting and digital storytelling. She started her career in television news, reporting from Bengaluru and New Delhi. Shylaja built Moneycontrol’s Trends vertical and set up the team, turning it into a high-traffic destination. She also did video interviews for events like Startup Conclave and The Creator Economy Summit A microbiology graduate from Mount Carmel College, Bengaluru, she went on to complete a Master’s in Journalism and Audio-Visual Communication from COMMITS, Bengaluru.Read More

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