The announcement was led by Softbank's Masayoshi Son and that firm only has $134 billion under management. He was flanked by Oracle, which has a market cap of $517 billion and would need to put up a considerable amount and OpenAI's Sam Altman, another firm that doesn't have those financial resources.
Elon Musk fanned the flames saying "they don't actually have the money". He continued: "SoftBank has well under $10B secured. I have that on good authority".
Microsoft added some fuel to the flames earlier as well, when CEO Satya Nadella he was asked about the huge investment.
But Sam Altman just hit back replying to Musk about the secured money well-under $10 billion, writing:
Wrong, as you surely know. want to come visit the first site already under way? this is great for the country. i realize what is great for the country isn't always what's optimal for your companies, but in your new role i hope you'll mostly put America first.It matters because there have been some big moves in markets today based on these numbers and it's unclear what's fact and what's aspiration. Oracle is up 7% and Nvidia is up 4%.
This article was written by Adam Button at www.forexlive.com. Read More Details
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