Cathie Wood Backs Elon Musk's $2 Trillion DOGE Initiative, Says Tesla CEO's Access To 'Proprietary Data' And AI Gives Him An Edge

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Wood stated that Musk's companies, including X, formerly Twitter, Neuralink, and SpaceX, gather vast amounts of data, putting him in a unique position to improve government operations.“The way we're looking at this is, Elon understands we are at the threshold of a ...

Cathie Wood, CEO of ARK Invest, has publicly backed Tesla Inc.(NASDAQ:TSLA) Elon Musk's appointment to lead the Department of Government Efficiency (DOGE).

DOGE, named after the cryptocurrency Dogecoin (CRYPTO: DOGE), aims to minimize waste, eliminate unnecessary regulations, and reorganize agencies to enhance efficiency.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Media $DOGE Benzinga Tech Donald Trump Stories That Matter Benzinga neuro US88160R1014 Department Of Government Efficiency News People In Tech Politics Elon Musk Cathie Wood TSLA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 06:32:23 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23609647

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