Sam Altman says people keeping RAM in personal computers is ‘quite terrible’; Elon Musk responds: People deserve …
Stargate is a $500 billion multi-year initiative to build AI data centers for training and inference, backed by major investors including Oracle. Announced in January 2025, Stargate project’s three biggest partners are Nvidia, Oracle, Softbank and OpenAI. “A mystery seller is trying to dump about $500 million in data center loans all at once, per Bloomberg, days after the midterms raised doubts about many projects, according to the post. The anonymous seller is auctioning a dozen loans, including a $25 million piece of financing for a huge Stargate site in New Mexico, the joint project of OpenAI, SoftBank and Oracle. In January this year, SB Energy, a SoftBank-owned company, announced that it will build and operate OpenAI’s previously announced 1.2-gigawatt data center site in Milam County, Texas.
Just hours after, Stargate project was announced.
In an X post, Elon Musk claims that Stargate doesn’t have the money it says it does. Elon Musk has made an open complaint against Japan’s biggest companies, Softbank. In a reply on X, formerly Twitter, to Katie Miller, Elon Musk about Softbank not paying for its turbine orders. Tesla and Spacex CEO wrote, “SoftBank is defaulting on their turbine orders. Incidentally, Softbank is one of the biggest investors in Sam Altman ‘s OpenAI . Elon Musk and Sam Altman have turned from business partners to foes over the years. Coming to Elon Musk’s ‘payment complaint’ against Softbank, he made it in reply to a post from Katie Miller where she has shared a screenshot on the US President Donald Trump’s much-famed Stargate project. Oracle has already sent that site’s developer a force majeure notice, a legal claim that events beyond its control may excuse it from its obligations. Musk has been warning about the project from Day One. As per the deal, SB Energy will also become a customer of OpenAI, using its APIs and deploying ChatGPT for employees.