Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.

Bannon tore into Musk, revealing another fissure in the MAGA world over Trump's highly touted Stargate project.

Group, led by Japanese billionaire Masayoshi Son, plans to approach private equity firms Apollo Global Management (NYSE:APO) and Brookfield for funding assistance with the Stargate AI project, Nikkei reported.

MU Price Action: Micron Technology shares closed Thursday down 4.02% at $104.84, according to Benzinga Pro.

Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL), despite backing from his allies — including President Donald Trump.

The rapid development of AI systems over the past two years has stretched American infrastructure, with data centres emerging as a particular bottleneck. Cutting-edge chatbots such as OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude require enormous amounts of data and computing power to train and run.

Stargate: Analysts have noted that Microsoft has become less willing to spend even more money financing the computing power OpenAI requires to retain a lead in AI.

Tech giants pledged Initial $100B investment for data centers in Texas, first in Abilene, through their Stargate partnership announced by President Donald Trump.

OpenAI, Oracle and Soffbank pledged to build up to $500 billion worth of data centers in the U.S. after a President Trump-brokered Stargate joint venture deal.

Elon Musk had sharp words for a private-sector partnership touted this week by the Trump administration to hasten the development of artificial intelligence infrastructure. “They don’t actually have the money,” Musk said of two of the participants in the $500 billion initiative, OpenAI and SoftBank, on his social media site X.

Masayoshi Son’s SoftBank (SFTBY) intends to reach out to major investment firms such as Apollo Global (APO) and Brookfield (BAM) about