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Government

U.S. oligarch Elon Musk during a cabinet meeting at the White House on March 24, 2025 in Washington, DC.
Product Reviews

Elon’s DOGE Is Reportedly Using Grok AI With Government Data

by admin May 24, 2025


Reuters reports that Elon Musk’s annoying chatbot, Grok, is now being used by the U.S. government. While the extent and nature of that usage is unclear, sources interviewed by the news outlet have expressed alarm at the implications of the chatbot’s access to government data.

Grok was launched by xAI, an AI company founded by Musk in 2023,  and has since become integrated into Musk’s social media platform, X. The chatbot is known to summarize information in the most cringe-inducing manner possible, and was originally fashioned as an “anti-woke” antidote to ChatGPT and other more politically correct applications (though it’s turned out to be too woke for conservatives anyway).

Musk’s Department of Government Efficiency team is now using a customized version of Grok, with the apparent goal of sorting and analyzing tranches of data. The team may also be using the chatbot to prepare reports, sources told the outlet.

Aside from the very obvious data privacy concerns raised by Grok’s integration with government data, it appears that, once again, Musk is at the center of a conflict-of-interest violation. In fact, Reuters characterizes the promotion of Grok as a potentially criminal transgression of federal regulations. The outlet writes:

If Musk was directly involved in decisions to use Grok, it could violate a criminal conflict-of-interest statute which bars officials — including special government employees — from participating in matters that could benefit them financially, said Richard Painter, ethics counsel to former Republican President George W. Bush and a University of Minnesota professor. “This gives the appearance that DOGE is pressuring agencies to use software to enrich Musk and xAI, and not to the benefit of the American people,” said Painter. The statute is rarely prosecuted but can result in fines or jail time.

Yes, but how many times have we heard that one before? Elon has conflicts of interest up the wazoo. He is a walking conflict of interest, at this point. To my knowledge, he’s never seen the interior of a courtroom and, unless he gets caught with a dead body or something, it seems doubtful he ever will.

Ever since Musk helped Trump get re-elected with hundreds of millions from his own piggybank, he’s has been treating the U.S. government like his personal plaything to destroy. Everywhere you look, the billionaire appears to be benefiting from his work with the government, whether it’s the White House bullying tariffed countries to adopt services from the billionaire’s satellite internet company, Starlink, or a new report that shows the billionaire’s companies may have saved nearly $2.37 billion from federal fines and penalties that were active under Biden but have since been “neutralized” in the Trump era.

As far as DOGE’s mandate goes, the organization has been an unmitigated failure. It has barely saved a fraction of the money that Musk initially claimed that it would and, in the long term, the cuts are likely to cost Americans money, since many of them have been to important agencies that dispense key services to Americans.



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May 24, 2025 0 comments
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Elon Musk Says He'll Step Back From the Government. DOGE Isn't Going Anywhere
Product Reviews

Elon Musk Says He’ll Step Back From the Government. DOGE Isn’t Going Anywhere

by admin May 24, 2025


What to make of the so-called Department of Government Efficiency at this stage of the Trump administration? Elon Musk has purportedly stepped away from his government duties. Courts are trying to strike down some of DOGE’s most egregious efforts. It may seem as though the worst excesses of DOGE have passed, replaced by something closer to a stasis.

This isn’t true. Not even close.

While the image of DOGE most likely burned into your retina is that of Elon Musk wielding a literal chain saw, the theatrics belie an organization that has quietly permeated all corners of the federal government. More than that, it’s increasingly clear that its objectives are now indistinguishable from that of the broader Trump administration. Removing DOGE at this point would be like trying to remove a drop of food coloring from a glass of water.

And what is it doing from its perch? Not loudly, clumsily attempting to fire thousands of government employees, but working in secrecy to collect, combine, and analyze data that was never intended to comingle. Using that information to find and surveil immigrants. Giving the Justice Department an assist on alleged voter fraud indictments.

Even if Musk claims he’s stepping away—though he met with House Republicans just this week—his lieutenants are still firmly in place at the agencies that control the federal workforce and regulate his companies. DOGE is reportedly using his xAI Grok chatbot to parse sensitive data, which potentially means millions of Americans’ personal information is doubling as training data for the model. A 19-year-old who goes by Big Balls online is still a central figure.

Meanwhile, the victories against DOGE may be short-lived. The Trump administration used it as a battering ram to push its policies through with overwhelming force. While the courts have held firm in some cases—just this week, a judge declared DOGE’s takeover of the United States Institute of Peace to be unlawful—the policies still exist, and there are other ways to achieve them. The Wall Street Journal reported recently that director of the White House Office of Management and Budget Russell Vought would pick up DOGE’s cost-cutting mantle in the post-Musk era. Expect him to wield not a hammer but a finely edged blade.

This has always been the plan. Vought is the architect of Project 2025, the policy road map that DOGE has been following turn by turn. He has been explaining for months what happens after DOGE’s first assault.

“We’re going to use all of our executive tools to make those savings permanent,” Vought said in an interview with Fox Business anchor Larry Kudlow on March 11. “We’re going to do everything we can to make sure that those are not merely something that goes on a website, but becomes permanent … We’ll work with Congress to do it, but we’ve also been aware the extent to which Congress has had a hard time passing cuts of any magnitude, and so what we want to do is everything we can to use presidential tools to bank those savings home.”



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May 24, 2025 0 comments
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Crypto Trends

Bitcoin on Track to Hit $500K as Government Entities Increase MSTR Holdings: Standard Chartered

by admin May 20, 2025



In brief

  • Bitcoin’s price will reach $500,000 over the next three-and-a-half years, Standard Chartered analyst Geoff Kendrick writes.
  • In the first quarter, 12 government entities increased their exposure to Strategy.
  • Strategy holds 576,000 Bitcoin.

Bitcoin’s price remains on track to hit half a million dollars before Donald Trump’s current term ends after government entities increased their indirect exposure to Bitcoin in the first quarter, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, 

Whether it was South Korea’s National Pension Service, the Swiss National Bank, or U.S. state retirement funds, government entities’ recent holdings of Strategy—which owns around 576,000 Bitcoin—“was very encouraging,” Kendrick wrote in a note on Tuesday. That group also included Swedish pension funds, a state-owned bank in France, and the Saudi Central Bank.

In the first quarter, 12 government entities increased their exposure to Strategy, holding 31,000 Bitcoin worth of Strategy shares, he added.

Although investors can gain exposure to Bitcoin through spot exchange-traded funds that were approved in the U.S. last year, government entities’ increased Strategy holdings reflect “widening structural demand” for Bitcoin and Strategy’s continued use as a Bitcoin proxy, Kendrick wrote.

“We believe that in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations do not allow direct BTC holdings,” he added.



Analysts at the British multinational bank believe that Bitcoin’s price will reach $500,000 before the end of  Trump’s second term ends in early 2029. That target is premised on the understanding that Trump’s administration, through the repeal of SAB 121 and initiatives like his strategic Bitcoin reserve, will improve investors’ access to Bitcoin, while encouraging demand.

 

Each quarter, institutional investment managers with over $100 million worth of assets under management are required to reveal their holdings through a filing with the Securities and Exchange Commission. Known as a 13F, Kendrick argued that these filings are the best way to test “our thesis that BTC will attract new institutional buyer types as the market matures.”

Within the U.S., state retirement funds for California, New York, North Carolina, and Kentucky upped their Strategy holdings by the equivalent of 1,000 Bitcoin, Kendrick said. Each share in Strategy equates to 0.0018 Bitcoin per diluted share, per Strategy Tracker.

Sovereigns’ exposure to Bitcoin through spot ETFs “was disappointing at first glance,” Kendrick noted, pointing to an overall decline in their direct holdings. The State of Wisconsin Investment Board, which held the equivalent of 3,400 Bitcoin through ETFs, sold all its holdings. 

Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, validated Standard Chartered’s thesis when it started stockpiling Bitcoin last year. In the first quarter, its Bitcoin exposure increased to 5,000 Bitcoin, from 4,700 Bitcoin, not long ago.

Edited by James Rubin

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May 20, 2025 0 comments
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