Elon Musk’s statement “They don’t have money” for Sam Altman’s OpenAI could come true, potentially affecting two of its biggest partners, Oracle and Softbank – The Times of India

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4 weeks ago

By TOI Tech Desk
Publication Date: 2026-02-23 08:42:00

A massive $500 billion AI data center project, Stargate, announced with great fanfare at the White House, has stalled. Internal disagreements between partners OpenAI and SoftBank, as well as funding issues, have brought leadership building and development to a halt. This setback has had a significant impact on Oracle stock and OpenAI’s computing capacity goals, highlighting the difficulties of large-scale infrastructure development.

On January 22, 2025, Sam AltmanMasayoshi Son and Larry Ellison stood with President Donald Trump at the White House to announce Stargate – a $500 billion AI data center project that promised 10 gigawatts of computing capacity and $100 billion in near-immediate spending. It was heralded as the largest AI infrastructure project in history, one that would keep America ahead of China in the AI competition. Within a few hours Elon Musk had a different attitude. “They don’t really have the money,” he wrote on X, adding that SoftBank had “significantly less than $10 billion secured.”Altman shot…