logo

The Bulletin May 30, 2025

Newsweek2 days ago

The rundown: Last week, Elon Musk said he had "done enough" after spending five months working hand in hand with President Donald Trump as head of the Department of Government Efficiency. Here's what experts have to say.
Why it matters: The tech mogul entered politics last year with the explicit purpose of getting Trump elected for a second term as president, spending more than $75 million in the process. While Musk achieved that goal, experts told Newsweek that his time at the White House would come to be seen as a mixed bag, especially with the big expectations the billionaire had attached to his signature project, DOGE. "Musk succeeded in grabbing attention and rebranding government reform as a Silicon Valley-style disruption," Casey Burgat, the director of legislative affairs at George Washington University, said. "But beyond the optics, DOGE has fallen far short of its promises."
Read more in-depth coverage:
Donald Trump Taking DOGE Lead After Elon Musk Exit
TL/DR: While Musk has steadily increased his political commentary over the past several years, his firsthand involvement in campaigning began during the 2024 presidential election.
What happens now? Musk said in a recent meeting with Tesla investors that he would be spending more time with the company. He said in April, "I think starting probably next month, May, my time allocation to DOGE will drop significantly."
Deeper reading Was Elon Musk's Foray Into Politics a Success? Experts Weigh In

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'It Won't Be China That Takes Control — It'll Be Musk': Enrique Abeyta Says Trump's AI Order Hands Elon the Reins of America's Machine Future
'It Won't Be China That Takes Control — It'll Be Musk': Enrique Abeyta Says Trump's AI Order Hands Elon the Reins of America's Machine Future

Yahoo

time32 minutes ago

  • Yahoo

'It Won't Be China That Takes Control — It'll Be Musk': Enrique Abeyta Says Trump's AI Order Hands Elon the Reins of America's Machine Future

WASHINGTON, June 01, 2025 (GLOBE NEWSWIRE) -- Most headlines worry about foreign AI dominance. But former hedge fund manager Enrique Abeyta sees a different threat rising from within. Abeyta explains in his recent briefing that with Elon Musk's AI supercomputer Dojo accelerating toward national rollout — and President Trump's executive order removing the last legal barriers — Abeyta warns: 'It won't be China that runs the machine economy. It'll be Musk.' 'Trump just ensured Dojo stays American. But in the process, he handed Musk the keys.' Domestic Superpower: What Musk Built Dojo isn't just a chip or a data project. It's a complete, real-time AI system that's: Trained on 160 billion frames of daily real-world video Built on a proprietary chip 6x faster than Nvidia's top processor Designed to control machines in motion — not simulations Tesla's next step? The June 1st launch of a fully autonomous robotaxi — no pedals, no steering wheel, no driver. Trump's Order Removes the Last Obstacle President Trump's 'Removing Barriers to American AI Innovation' executive order gives domestic AI leaders unprecedented freedom to develop and deploy systems like Dojo without traditional oversight. One key partner in Musk's AI ecosystem is already 'expecting to receive billions of dollars from the Trump administration.' The stated goal: outpace China. The result? Musk now operates the fastest, most government-aligned AI infrastructure in the country. About Enrique Abeyta Enrique Abeyta is a former hedge fund manager who tracked high-level capital movements and strategic shifts across markets, infrastructure, and policy. After managing nearly $4 billion in institutional capital, he now leads Breaking Profits, a research platform dedicated to exposing the next generation of power systems shaping America's future. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press GroupEmail: dwarren@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

'He Just Greenlit Elon's AI Takeover': Wall Street Icon Says Trump's New Order Quietly Empowers Musk's Rise in the Machine Economy
'He Just Greenlit Elon's AI Takeover': Wall Street Icon Says Trump's New Order Quietly Empowers Musk's Rise in the Machine Economy

Business Upturn

timean hour ago

  • Business Upturn

'He Just Greenlit Elon's AI Takeover': Wall Street Icon Says Trump's New Order Quietly Empowers Musk's Rise in the Machine Economy

BALTIMORE, June 01, 2025 (GLOBE NEWSWIRE) — Former hedge fund manager Enrique Abeyta believes the most important AI story in America isn't happening inside a government lab or Silicon Valley headquarters… It's happening inside Tesla. Abeyta explains in his recent briefing, that thanks to a recent executive order from President Trump, Elon Musk now has a green light to deploy it — at national scale. 'Trump just cut the red tape,' says Abeyta. 'And Musk is the one most ready to move.' Trump Signs. Musk Accelerates. Dojo — Tesla's in-house AI training system — is now one of the fastest-developing AI platforms in the world. Built from scratch after Nvidia chip shortages, it's already outperforming commercial processors by a factor of six. Fueled by Tesla's real-time video data — 160 billion frames a day — Dojo doesn't just train AI. It teaches machines how to operate independently in the real world. By June 1st, Tesla will roll out its first robotaxi — with no steering wheel, no pedals, and no driver. The Executive Order That Changed the Game Last month, President Trump signed 'Removing Barriers to American AI Innovation,' a sweeping order to clear federal restrictions on domestic AI development. Within days, companies aligned with Dojo's architecture were reportedly 'expecting to receive billions of dollars from the Trump administration.' Abeyta sees this as the true start of the machine economy — where AI no longer waits for approval, and real-world deployment becomes the new battleground. 'Musk is deploying physical AI faster than anyone,' he says. 'And Trump just gave him the air cover to do it without interference.' Musk Has the Tech. Trump Cleared the Map. What we're witnessing, Abeyta says, isn't a partnership — it's a convergence. Musk built the system. Trump removed the guardrails. And now, for the first time, a private company is building the command layer for how machines see, move, and act in physical space — at scale. About Enrique Abeyta Enrique Abeyta is a former hedge fund manager who spent over two decades tracking capital flows and strategic realignments across markets and government. After managing nearly $4 billion in institutional capital, he now leads Breaking Profits, a research outfit focused on the systems, people, and policies quietly reshaping the future of America's economic landscape. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press Group Email: [email protected]

Musk Builds It. Trump Unleashes It. Wall Street Legend Says Dojo Is the First Real Test of the America First AI Doctrine
Musk Builds It. Trump Unleashes It. Wall Street Legend Says Dojo Is the First Real Test of the America First AI Doctrine

Business Upturn

timean hour ago

  • Business Upturn

Musk Builds It. Trump Unleashes It. Wall Street Legend Says Dojo Is the First Real Test of the America First AI Doctrine

WASHINGTON, June 01, 2025 (GLOBE NEWSWIRE) — What if the most powerful AI system in the world wasn't built in a lab… but in a car factory? And what if the U.S. government was already positioning it as a strategic national advantage? According to former hedge fund manager Enrique Abeyta's recent briefing, that's exactly what's happening with Dojo, Elon Musk's custom-built AI training platform — a system now directly aligned with President Trump's push to eliminate barriers for American AI innovation. 'Musk didn't wait for permission. Trump just made it legal to move even faster,' Abeyta says. The Private Project With a Public Mandate Dojo was born when Musk hit a wall with Nvidia's chip supply chain. Instead of waiting, he built his own chip — one now said to be 6x more powerful than Nvidia's most popular processor. Fueled by 160 billion frames of visual data daily from Tesla's fleet, Dojo is training itself to operate in the physical world — with no human in the loop. On June 1st, Musk is expected to deploy it at scale with Tesla's first robotaxi: no wheel, no pedals, no driver. Trump Clears the Runway Last month, President Trump signed an executive order titled 'Removing Barriers to American AI Innovation.' The goal: fast-track domestic AI systems that can compete globally — especially against China. Dojo fits the criteria. One of Musk's key infrastructure partners is now 'expecting to receive billions of dollars' in federal support tied to the initiative. This isn't just a Tesla story anymore — it's a White House-backed acceleration plan for real-world AI control. Enrique's Take: 'This Is What Strategic AI Looks Like' Abeyta believes we're now seeing the merger of visionary tech with presidential willpower — a rare alignment where speed, sovereignty, and national competitiveness all converge. 'Most companies are still talking. Musk is already deploying. And Trump is clearing every legal obstacle in his path,' Abeyta adds. About Enrique Abeyta Enrique Abeyta is a former hedge fund manager who spent 25 years following power shifts across capital markets, policy, and technology. After managing nearly $4 billion in institutional capital, he now runs Breaking Profits, a research platform focused on uncovering large-scale economic inflection points — especially where private enterprise and public policy collide. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press Group Email: [email protected]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store