Rivian CEO RJ Scaringe told BI it's good that someone like Elon Musk, who understands EVs, is close to President Donald Trump.
Elon Musk had sharp words for a private-sector partnership touted this week by the Trump administration to hasten the development of artificial intelligence infrastructure. “They don’t actually have the money,” Musk said of two of the participants in the $500 billion initiative, OpenAI and SoftBank, on his social media site X.
That is “Establishing and Implementing the President’s Department of Government Efficiency.’’ The acronym for that name is DOGE (named after a memecoin), and it’s the Elon Musk–led effort to cut government spending by a trillion bucks or two.
Shortly after OpenAI announced a $500 billion AI infrastructure project, Elon Musk took to X to claim the whole thing a sham.
Tesla’s CEO might soon have an office in the West Wing, according to a new report, but lawsuits allege DOGE violated federal law. Elon Musk, the world’s richest man, is CEO of Tesla and SpaceX, but when it comes to his work with the federal government,
I met with the owners of Tiktok, the big owners, it’s worthless if it doesn’t get a permit,” Trump said. “It’s worth like a trillion dollars.”
The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank and Oracle. Oracle, a software company, houses most of TikTok's servers
The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production in the United States — which is an affront to both efficiency and frugality.
DOGE builds on the United States Digital Service, now rebranded as the U.S. DOGE Service. According to Trump's executive order, the newly rebranded department will cut red tape and streamline government IT systems. Per the EO, DOGE has roughly 18 months (July 4, 2026) to achieve the administration's goal.
Content creator Jimmy Donaldson, known on the Internet as MrBeast, has made it clear he is interested in buying TikTok. Donaldson has the most subscribers of any user on YouTube— over 340 million—and boasts over 113 million TikTok followers.
A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.