President Trump announces major private-sector AI infrastructure investment

President Trump announces major private-sector AI infrastructure investment 00:56

When President Trump announced the new $500 billion Stargate AI venture from OpenAI, Softbank and Oracle on Tuesday, he promised it would ensure “the future of technology” in the U.S. So far, Wall Street appears to agree, with some analysts speculating about its potential to transform the tech industry.

But the project is also sparking some questions and skepticism, including pointed criticism from one of Mr. Trump’s closest advisers, tech billionaire Elon Musk.

“They don’t actually have the money,” Musk wrote on