Sam Altman will get combative with Elon Musk on Twitter

There may be some head-scratching about yesterday’s $500 billion funding in knowledge facilities that was touted on the White Home. The large query is: whose cash is it?

The announcement was led by Softbank’s Masayoshi Son and that agency solely has $134 billion below administration. He was flanked by Oracle, which has a market cap of $517 billion and would wish to place up a substantial quantity and OpenAI’s Sam Altman, one other agency that does not have these monetary assets.

Now, clearly these initiatives can be debt financed however that will nonetheless require an enormous quantity of capital and it’s very unclear the place that will come from.

Elon Musk fanned the flames saying “they do not even have the cash”. He continued: “SoftBank has nicely below $10B secured. I’ve that on good authority”.

Given his place, I would suspect he has it on good authority certainly.

Microsoft added some gas to the flames earlier as nicely, when CEO Satya Nadella he was requested concerning the big funding.

“All I do know is, I’m good for my $80 billion,”he stated.

However Sam Altman simply hit again replying to Musk concerning the secured cash well-under $10 billion, writing:

Improper, as you certainly know.
need to come go to the primary website already below method?
that is nice for the nation. i notice what’s nice for the nation is not all the time what’s optimum to your corporations, however in your new function i hope you will largely put America first.

Musk has but to reply.

It issues as a result of there have been some massive strikes in markets right now primarily based on these numbers and it is unclear what’s reality and what’s aspiration. Oracle is up 7% and Nvidia is up four%.

This text was written by Adam Button at www.ubaidahsan.com.



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