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SpaceX-driven market drop as a potential rebound setup for AT&T and other telecomsThe Apex TimesBusinessComcast leans on fiber upgrades and public-private funding to extend broadband reach in rural areasThe Apex TimesBusinessAMD Chief Executive Says She Is Exploring a Foundry and Memory Path With Samsung, Spotlighting Supply Tightness in AI ChipsThe Apex TimesBusinessJPMorgan Chase tops Evident Insight’s AI-advanced bank ranking again, underscoring banks’ rush to industrialize machine learningThe Apex TimesBusinessMastercard plans new “offline” payment requirement for cards across Europe starting February 2027The Apex TimesBusinessUS lawmakers question Alphabet’s Google over $10 million purchase of bankrupt Spirit Airlines dataThe Apex TimesBusinessJPMorgan heads into Q3 with investor debate focused on costs, credit and valuationThe Apex Times
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Elon Musk derides SoftBank’s reported $100B AI fundraising plan, in a comment that ripples through AI-funding debate
The Apex Times

THE APEX TIMES

Business/The Apex Times/Oct 9, 4:47 AM EDT

Elon Musk derides SoftBank’s reported $100B AI fundraising plan, in a comment that ripples through AI-funding debate

Musk’s remarks, reported by Yahoo Finance via a market-news post, take aim at a fundraising idea attributed to SoftBank as the Japanese investor pushes deeper into artificial intelligence.

By The Apex Times Newsroom2 min readAI-assisted Apex article

Elon Musk on October 9 mocked a reported plan by SoftBank to raise $100 billion for artificial intelligence, saying the pitch was something “only a fool would give them money” for. The comment, circulated through a market-news feed and attributed to Musk in coverage by Yahoo Finance, adds another sharp note to an ongoing, sometimes combative public discussion about who should fund AI and on what terms.

According to the report’s framing, the dig is tied to SoftBank’s escalating AI ambitions and its renewed emphasis on OpenAI. In this telling, Musk’s tone suggests skepticism about the scale and structure of the financing effort, rather than a debate over whether AI matters at all.

For Tesla, Musk’s personal remarks matter less as corporate strategy than as announcement of how he views the broader AI funding landscape. Tesla has continued to treat AI and machine intelligence as central to its long-term products, particularly through its software and driver-assistance ambitions, but the market-news post does not provide new, Tesla-specific disclosures tied to SoftBank or any $100 billion fundraising effort.

SoftBank has been widely associated with large bets in technology and has also been in the spotlight as global capital has raced to deploy into AI infrastructure, data, and model development. Still, in the material available here, there is no additional detail on whether SoftBank has formally announced a $100 billion fundraising vehicle, what instruments it would use, or how much of that total is committed versus aspirational.

The comment comes at a time when investors, founders, and policymakers are weighing the economics of AI at massive scale, including the costs of compute and the risk that some funding plans may outstrip near-term returns. Musk’s blunt language, while not a balance-sheet analysis, underscores that the AI funding debate has moved beyond technical feasibility into questions of valuation, incentives, and governance of capital.

What remains unclear, based on the provided account, is how SoftBank would define the use of any raised funds and what role, if any, OpenAI partnerships would play in execution. The post does not include documentary specifics, quotes from SoftBank executives, or references to any investor materials that would confirm the exact nature of the reported $100 billion plan.

Why It Matters

  • Large-scale AI fundraising remains politically and financially contentious, and Musk’s remarks highlight persistent skepticism about mega-funding proposals.
  • The exchange may influence how market participants interpret the viability and structure of AI investment plans at extreme scale.
  • Because the comment comes from Tesla’s chief executive, it can shape sentiment around AI funding narratives even when it is not directly connected to Tesla’s corporate plans.

Sources

Key Facts

  • Elon Musk criticized a reported SoftBank plan to raise $100 billion for artificial intelligence.
  • Musk’s quoted reaction, reported in market coverage, characterized the idea as something “only a fool would give them money.”
  • The coverage links SoftBank’s comment thread to its AI ambitions and an emphasis on OpenAI.
  • The material available does not provide Tesla disclosures or direct company actions tied to SoftBank’s plan.

Autos & Transport Related

Oct 8, 8:56 PM EDT
The Apex Times

General Motors’ sales slip puts a spotlight on one investor “number”

A 5.5% decline in U.S. new-vehicle sales in General Motors’ third quarter of 2026 is being framed by market analysts as the kind of datapoint that can quickly reshape near-term expectations, especially given how much revenue the automaker derives from North America.

General Motors’ sales slip puts a spotlight on one investor “number”
The Apex Times