Tech leaders are questioning the details behind President Trump's $500 billion Stargate Project, a major AI infrastructure initiative. Anthropic CEO Dario Amodei called the venture a bit chaotic, expressing uncertainty over funding sources and government involvement.
Elon Musk also weighed in, claiming on X that SoftBank (SFTBY) has well under $10 billion secured, citing an unnamed source. Musk, who heads the Trump-created Department of Government Efficiency, co-founded xAI, a rival to Stargate Project partner OpenAI. SoftBank's $24.5 billion liquidity, noted by Macquarie analyst Paul Golding, remains the only concrete financial figure disclosed.
Meanwhile, Google (GOOG, GOOGL) is reportedly investing another $1 billion in Anthropic, further intensifying competition. Unveiled Tuesday, Stargate aims to deploy $100 billion immediately. Oracle (NYSE:ORCL), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Arm (NASDAQ:ARM) are key partners, with SoftBank CEO Masayoshi Son and Oracle's Larry Ellison backing the initiative. The project's long-term viability, however, remains an open question.
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