Sam Altman defends $500 billion Stargate project funding amid skepticism from Elon Musk
economictimes.indiatimes.com — February 6, 2025, 07:01 AM UTC
OpenAI CEO Sam Altman confirmed that the $500 billion Stargate project is progressing despite skepticism about funding sources. He emphasized confidence in the project's financial backing, which includes equity, debt, and project finance. Elon Musk has raised concerns, questioning the financial capabilities of partners like Microsoft and SoftBank. Musk claimed SoftBank's funding is significantly lower than expected, calling Altman a "swindler" in an online post. Altman plans to meet with investors and industry leaders globally, including a visit to the UAE to discuss funding with the Abu Dhabi investment group MGX. The Stargate project aims to build 20 data centers across the U.S. over the next four years.