President Donald Trump unveiled this program in collaboration with key figures from the tech industry, including SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison

The White House broke its days-long silence about SpaceX CEO Elon Musk on Friday, as questions swirled about whether Musk had rankled President Donald Trump when he publicly bashed Stargate, the Trump administration's first major tech initiative.

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.

President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.

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.

President Donald Trump has announced billions of dollars in private sector investment to help bolster artificial intelligence infrastructure in the U.S.

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

It sure seems like we’re witnessing the beginning of a very messy, very dramatic breakup between Donald Trump and his “First Buddy,” Elon Musk, after the president refuted Musk’s claims about the ambitious U.

US President Donald Trump has dismissed criticism from close ally Elon Musk about a $US500 billion ($A800 billion) artificial intelligence project that Trump announced with great fanfare at the White House earlier this week.

Following his inauguration, President Donald Trump unveiled what he calls “the largest AI infrastructure project in history.” Dubbed Stargate, the $500 billion joint venture between OpenAI, Oracle (ORCL),

President Trump and Elon Musk aren’t an exclusive item. That point was clear this week when the president welcomed OpenAI Chief Executive Sam Altman to the White House on the second day of Trump 2.0—a visit that left “First Buddy" Musk publicly fuming.