Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY+10.51%) and Oracle (ORCL+7.19%), despite backing from his allies — including President Donald Trump. […] “They don’t actually have the money,” the Tesla (TSLA-1.13%) CEO and close Trump ally said shortly before midnight on Tuesday, in a post on his social media site X. “SoftBank has well under $10 [billion] secured. I have that on good authority,” Musk added just before 1 a.m. ET.
I was mad about this, but then it hit me: this is the kind of thing that happens at the top of a bubble. The nice round numbers, the stolen sci-fi name, the needless intertwining with politics, the lack of any clear purpose for it.
[mr plinkett voice] hey wait a minute wasn’t that meant to be a Microsoft project?
Hey wasn’t that project contingent on “meaningfully improving the capabilities of OpenAI’s AI”?
(Referring to this newsletter of his from last April.)
Karl Bode comments: