But within hours of the announcement, SpaceX CEO Elon Musk had already started taking shots at Trump's highly touted project. Newsweek reached out to SpaceX and a White House spok

The ChatGPT maker will hold a 40% interest in Stargate, and would act as an extension of OpenAI, the report said, citing OpenAI CEO Sam Altman speaking to colleagues. OpenAI and SoftBank did not immediately respond to Reuters' requests for comment.

Palantir co-founder Joe Lonsdale told "The Will Cain Show" that the battle against the "woke mind virus" is not yet "won" despite Big Tech's embrace of Trump.

The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.

Open AI CEO Sam Altman, Oracle co-founder Larry Ellison and Softbank CEO Masayoshi Son appeared alongside President Donald Trump to announce the Stargate plan.

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

The disagreement centres around claims made by Musk that the funds promised for the project might not be available as expected.

Trump scraps Biden executive orders on technology and artificial intelligence, but has brought Silicon Valley leaders into his close orbit.

Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.

President Donald Trump revoked a 1965 civil rights executive order Tuesday, rolling back authorities long used to prevent employment discrimination by federal contractors, subcontractors and grant recipients. He also ordered agencies to plan potential civil rights investigations against private sector entities who embrace diversity hiring.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.