Trump's Stargate AI investment announcement is outshone by Musk.

• Elon Musk, CEO of Tesla and SpaceX, stated that OpenAI, Oracle, and Softbank lack the financial resources to fulfill their commitment to invest $500 billion in U.S. AI infrastructure.
• On the first day of his second term, President Donald Trump highlighted the Stargate project, a joint venture he championed.
• "I have it on good authority that SoftBank has secured less than $10B," Musk wrote on X overnight.

Elon Musk stated on Tuesday that OpenAI, Oracle, and Softbank lack the funds to fulfill their commitment to invest $500 billion in U.S. AI infrastructure.

Hours after President Donald Trump unveiled a massive project at the White House on his first full day in office, the CEO of Tesla and SpaceX made a comment.

Musk responded to an OpenAI post on X about the Stargate project, stating that they do not have the necessary funds.

"I have it on good authority that SoftBank has secured less than $10B," Musk stated.

On Wednesday morning, OpenAI CEO Sam Altman replied directly to Musk.

Altman wrote that he sincerely admires your achievements and considers you the most inspiring entrepreneur of our era, without responding to Musk's allegation regarding Stargate's funding.

CNBC did not receive immediate responses from Softbank, OpenAI, and Oracle regarding Musk's assertion.

Trump's announcement about Stargate investing $500 billion and creating 100,000 jobs was undermined by Musk's comments.

Trump stated, "I believe it will be exceptional and result in the largest outcome."

Trump was surrounded by Altman, Ellison, and Son as he spoke.

At the event, Ellison stated that 10 data centers, each measuring 500,000 square feet, are currently under construction in Abilene, Texas, and another 10 are in the planning stages.

Altman has a tense relationship with Musk, who leads Trump's new government efficiency advisory board, DOGE.

In March, Musk and his AI startup, xAI, accused OpenAI of breach-of-contract. Later, Musk dropped that suit and filed a lawsuit against Altman in federal court.

Altman's reaction to X aligns with his previous public stance on Musk.

In December, when asked about Musk's potential influence on the White House, Altman stated that he may be mistaken, but he strongly believes that Musk will act ethically.

In a statement on Tuesday, OpenAI announced that Stargate would begin deploying $100 billion immediately.

According to the post, the new company's initial equity funders are SoftBank, OpenAI, Oracle, and the UAE-based lender MGX, and the son will be its chairman.

News of the infrastructure initiative sent Oracle shares 7% higher on Tuesday.

Stargate has named OpenAI as one of its initial technology partners. The company announced earlier this month that it plans to invest $80 billion in AI-capable data centers in the next fiscal year.

On CNBC's "Squawk Box" on Wednesday, Microsoft CEO Satya Nadella stated that he is not privy to the specifics of their Stargate investments.

Nadella responded to inquiries about Musk's criticism of Stargate's funding by stating, "All I can say is that I am satisfied with my $80 billion."