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- Elon Musk bashes $500 billion 'Stargate' deal between OpenAI and SoftBank - and backed by Trump
Elon Musk bashes $500 billion 'Stargate' deal between OpenAI and SoftBank - and backed by Trump
Jacqueline Choi
February 03, 2025
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What's in this week's issue?
💫 Elon Musk bashes $500 billion 'Stargate' deal between OpenAI and SoftBank - and backed by Trump
💊 Trials of drugs developed with AI could begin this year, Google DeepMind CEO says
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Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL), despite backing from his allies — including President Donald Trump.
The companies are teaming up for what they call the “Stargate Project,” presumably named after the sci-fi franchise, which aims to spend $500 billion over the next four years building artificial intelligence infrastructure in the U.S. The companies said Tuesday that they would begin deploying $100 billion “immediately,” which will “generate massive economic benefit for the entire world.”
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The CEO of Google Mind has suggested clinical trials of the first drugs designed with the help of AI could begin this year.
At the World Economic Forum, on Tuesday (January 21), the CEO Demis Hassabis spoke on a panel which discussed the use of AI in propelling scientific progress across fields.
It was there that he said work is ongoing to try and design drugs with the use of artificial intelligence. Hassabis also runs the spin-off Isomorphic Labs and it’s through this that he said: “I think we’ll hopefully have some AI-designed drugs in clinical trials by the end of the year. That’s the plan.”
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