
A mad scramble inside the Pentagon ahead of DOGE’s arrival
With Elon Musk’s cost cutters due any day, military leaders are eyeing bloated contracts, programs and legacy weapons systems.
With Elon Musk’s cost cutters due any day, military leaders are eyeing bloated contracts, programs and legacy weapons systems.
Robyn Denholm, who’s led the board since 2018, made $168 million in the past year exercising stock options in the company, including sales worth $43 million last week.
The dispute between arguably the two biggest names in generative artificial intelligence—billionaires Sam Altman and Elon Musk—received a new wrinkle Monday as Musk made a nearly $100 billion offer to buy the non-profit entity controlling Altman’s OpenAI, according to The Wall Street Journal.
Elon Musk co-founded OpenAI with Sam Altman and a group of others in the tech realm in 2015, but left in 2018.
Multiple outlets previously reported China had weighed selling TikTok to Musk, though TikTok denied these reports.
Judges ruled on Thursday alone to extend blocks on Trump’s birthright citizenship ban, limit Elon Musk’s access to Treasury documents and pause the deadline for federal employee buyouts.
The billionaire is wielding immense authority over federal agencies, but unlike cabinet members, doesn’t have to publicly disclose his investments or potential conflicts.
Musk, who last year said “things that inhibit freedom of exchange or distort the market are not good,” became $11 billion poorer Monday.
Earnings were weaker than expected, the near-term outlook is murky, EV sales are down, and Elon Musk is more distracted than ever before. But with a phalanx of loyal shareholders and a cowed board he’s not going anywhere.
Musk has been under scrutiny after making a hand gesture resembling a Nazi salute at a Trump inauguration event earlier the week.