most of that ‘hundreds of billions’ isn’t going to go towards the tech or infrastructure, it’s gonna go to people. a very small number of specific individuals.
hell, i could live my ‘best’ life off of musk’s ‘sofa cushion’ money:
$2.5m is more than enough for me to live on just using investment proceeds–in perpetuity.
$2.5m to him (with ~ $436b) is the equivalent of fifty-seven cents to someone with $100k (in the bank, investments, retirement, home equity, etc). now, i don’t have $100k, not even close. just using it as an example here. my equivalent would be more like half a cent.
“OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says”. Reuters. Retrieved January 22, 2025.
Jacobs, Jennifer (January 21, 2025). “Trump announces up to $500 billion in private sector AI infrastructure investment - CBS News”. www.cbsnews.com. Retrieved January 21, 2025.
Zakrzewski, Cat; De Vynck, Gerrit; Arnsdorf, Isaac; O’Donovan, Caroline (January 24, 2025). “OpenAI and other tech titans worked on Stargate deal months before Trump won”. The Washington Post.
Habeshian, Sareen (January 21, 2025). “Trump announces billions in private sector AI investment”. Axios. Retrieved January 21, 2025.
Hayden, Erik (January 22, 2025). “Project Stargate: Trump Plots With Larry Ellison, Sam Altman On $500B AI Initiative”. The Hollywood Reporter. Retrieved January 24, 2025.
Ashworth-Hayes, Sam (January 23, 2025). “America’s $500bn Manhattan project is an effort to make humanity obsolete”. The Telegraph. ISSN 0307-1235. Retrieved January 26, 2025.
“Trump’s $500B AI plan is ‘slap’ in the face for Europe”. Politico. January 22, 2025. Retrieved January 26, 2025.
Franzen, Carl (January 22, 2025). “OpenAI Stargate is a $500B bet: America’s AI Manhattan Project or costly dead end?”. VentureBeat. Retrieved January 26, 2025.
“Trump tech agenda begins with $500B private AI plan and cuts to regulation”. The Washington Post. January 21, 2025.
Gedeon, Joseph (January 21, 2025). “Trump unveils $500bn joint AI venture between OpenAI, Oracle, and SoftBank”. The Guardian. Retrieved January 21, 2025.
Klee, Miles (January 24, 2025). “Anti-Vax Conspiracy Theorists Freak Out Over Trump’s $500 Billion AI Plan”. RollingStone. Retrieved January 24, 2025.
“Trump Announces Project Stargate, a Massive New Investment in AI”. Inc.com. January 21, 2025. Retrieved January 21, 2025.
Schleifer, Theodore; Kang, Cecilia (January 22, 2024). “Musk Casts Doubt on Trump’s $100 Billion A.I. Announcement”. New York Times. Retrieved January 22, 2024.
Bloomberg Television (January 22, 2025). Arm CEO Says Trump AI Pact Has Widespread Support. Retrieved January 23, 2025 – via YouTube.
Mascarenhas, Natasha; Efrati, Amir (January 23, 2025). “OpenAI, SoftBank Each Commit $19 Billion to Stargate Data Center Venture”. The Information.
Chan, Edwin (January 23, 2025). “SoftBank, OpenAI Plan $19 Billion Each for Stargate, Information Reports”. Bloomberg News.
Hammond, George; Kinder, Tabby; Murghia, Madhumita (January 23, 2025). “Stargate artificial intelligence project to exclusively serve OpenAI”. Financial Times.
Robison, Kylie (January 21, 2025). “Microsoft is letting OpenAI get its own AI compute now”. The Verge.
“Microsoft and OpenAI Plot $100 Billion Stargate AI Supercomputer”. The Information. Retrieved January 22, 2025.
Comment, Sebastian Moss (January 21, 2025). “OpenAI announces ‘The Stargate Project’: $500bn over four years on AI infrastructure”. www.datacenterdynamics.com. Retrieved January 21, 2025.
Seitz, Patrick (January 22, 2025). “Nvidia Stock Rallies As Chipmaker Named To Stargate AI Venture”. Investor’s Business Daily. Retrieved January 23, 2025.
most of that ‘hundreds of billions’ isn’t going to go towards the tech or infrastructure, it’s gonna go to people. a very small number of specific individuals.
correct, US taxpayer is being fleeced so some parasites can live their best lives.
Incorrect. They can already do that without more money.
But then none of them will get to claim that he’s the first trillionaire.
correct.
hell, i could live my ‘best’ life off of musk’s ‘sofa cushion’ money:
$2.5m is more than enough for me to live on just using investment proceeds–in perpetuity.
$2.5m to him (with ~ $436b) is the equivalent of fifty-seven cents to someone with $100k (in the bank, investments, retirement, home equity, etc). now, i don’t have $100k, not even close. just using it as an example here. my equivalent would be more like half a cent.
They’re mentally ill IMO. Like that old person hoarding vacuum cleaners, diapers, dogfood, etc.
The most infuriating thing is that for them it’s just a number, for society it stifles innovation and wellbeing.
Project Stargate is funded via private investment, the US hasn’t pledged any money
who is providing interest free loans so that microshit can have electric for their data centers?
Sure but a 68.4 million tax break is nothing compared to the hundreds of billions pledged privately
I trust u bro 🤡
https://en.m.wikipedia.org/wiki/The_Stargate_Project
??? 500 billion pledged privately
I trust these fake news 🤡
“OpenAI, SoftBank, Oracle to invest $500 bln in AI, Trump says”. Reuters. Retrieved January 22, 2025. Jacobs, Jennifer (January 21, 2025). “Trump announces up to $500 billion in private sector AI infrastructure investment - CBS News”. www.cbsnews.com. Retrieved January 21, 2025. Zakrzewski, Cat; De Vynck, Gerrit; Arnsdorf, Isaac; O’Donovan, Caroline (January 24, 2025). “OpenAI and other tech titans worked on Stargate deal months before Trump won”. The Washington Post. Habeshian, Sareen (January 21, 2025). “Trump announces billions in private sector AI investment”. Axios. Retrieved January 21, 2025. Hayden, Erik (January 22, 2025). “Project Stargate: Trump Plots With Larry Ellison, Sam Altman On $500B AI Initiative”. The Hollywood Reporter. Retrieved January 24, 2025. Ashworth-Hayes, Sam (January 23, 2025). “America’s $500bn Manhattan project is an effort to make humanity obsolete”. The Telegraph. ISSN 0307-1235. Retrieved January 26, 2025. “Trump’s $500B AI plan is ‘slap’ in the face for Europe”. Politico. January 22, 2025. Retrieved January 26, 2025. Franzen, Carl (January 22, 2025). “OpenAI Stargate is a $500B bet: America’s AI Manhattan Project or costly dead end?”. VentureBeat. Retrieved January 26, 2025. “Trump tech agenda begins with $500B private AI plan and cuts to regulation”. The Washington Post. January 21, 2025. Gedeon, Joseph (January 21, 2025). “Trump unveils $500bn joint AI venture between OpenAI, Oracle, and SoftBank”. The Guardian. Retrieved January 21, 2025. Klee, Miles (January 24, 2025). “Anti-Vax Conspiracy Theorists Freak Out Over Trump’s $500 Billion AI Plan”. RollingStone. Retrieved January 24, 2025. “Trump Announces Project Stargate, a Massive New Investment in AI”. Inc.com. January 21, 2025. Retrieved January 21, 2025. Schleifer, Theodore; Kang, Cecilia (January 22, 2024). “Musk Casts Doubt on Trump’s $100 Billion A.I. Announcement”. New York Times. Retrieved January 22, 2024. Bloomberg Television (January 22, 2025). Arm CEO Says Trump AI Pact Has Widespread Support. Retrieved January 23, 2025 – via YouTube. Mascarenhas, Natasha; Efrati, Amir (January 23, 2025). “OpenAI, SoftBank Each Commit $19 Billion to Stargate Data Center Venture”. The Information. Chan, Edwin (January 23, 2025). “SoftBank, OpenAI Plan $19 Billion Each for Stargate, Information Reports”. Bloomberg News. Hammond, George; Kinder, Tabby; Murghia, Madhumita (January 23, 2025). “Stargate artificial intelligence project to exclusively serve OpenAI”. Financial Times. Robison, Kylie (January 21, 2025). “Microsoft is letting OpenAI get its own AI compute now”. The Verge. “Microsoft and OpenAI Plot $100 Billion Stargate AI Supercomputer”. The Information. Retrieved January 22, 2025. Comment, Sebastian Moss (January 21, 2025). “OpenAI announces ‘The Stargate Project’: $500bn over four years on AI infrastructure”. www.datacenterdynamics.com. Retrieved January 21, 2025. Seitz, Patrick (January 22, 2025). “Nvidia Stock Rallies As Chipmaker Named To Stargate AI Venture”. Investor’s Business Daily. Retrieved January 23, 2025.
Well, I suspect that most of the money will be used to acquire or costume natural resources, like water and power.
Individuals become enriched because their share holdings are worth more.