The billionaire wrote on social media that the companies behind the project don’t have enough money to follow through on their pledges.

OpenAI CEO Sam Altman called Stargate, “the most important project for this era” and promised that all of the new investment his company was making would help cure diseases. Altman was actually prompted by Trump to talk about the medical advances that AI would supposedly figure out.

Tech giants OpenAI, SoftBank and Oracle are forming a new entity in a bid to advance artificial intelligence infrastructure in the United States. Stargate aims to

Yes, that's the name of a 1994 Roland Emmerich movie. It's now a big infrastructure project to help power tech giants' foray into AI.

Trump unveiled the Stargate project, set up by Oracle, OpenAI and SoftBank, to build giant data centers for the next generation of AI. The project will invest $100 billion immediately, rising to $500 billion by 2029.

President Donald Trump stood with one of San Francisco’s top tech tycoons inside the White House on Tuesday to announce a $500 billion artificial intelligence project, dubbed “Stargate.” Trump held a press conference alongside Sam Altman of OpenAI and Larry Ellison of Oracle to reveal to hefty investments for creating infrastructure to power

US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI.

The goal is to kickstart building more datacenters to expand computing capacity for current and future AI projects, including OpenAI's goal of "AGI," which the company defines as a highly autonomous AI system that "outperforms humans at most economically valuable work.

President Donald Trump announced a $500 billion investment in infrastructure tied to artificial intelligence, alongside the CEOs of OpenAI, Oracle and Softbank.