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Trump has targeted the Pentagon for potential fraud and inefficiencies, suggesting that billions could be saved. Former Navy Secretary Richard Danzig argues that Elon Musk's innovative approach to technology could revolutionize defense spending, particularly through software and AI, while highlighting the need for modernization in military procurement. Musk has criticized traditional defense contractors and advocates for drones as the future of warfare, with companies like Palantir Technologies poised to lead an AI revolution in defense.
Donald Trump's incoming administration is set to feature a roster of ultra-wealthy appointees, including Elon Musk, who will co-lead an advisory group aimed at reducing government waste. With an average net worth of $616 million among Trump and his top picks, this administration could surpass the previous one, where the total wealth of Biden's Cabinet was estimated at $118 million. The influx of billionaires raises concerns about potential financial and ethical conflicts, as well as the impact on Trump's populist appeal.
Stephen Feinberg
People
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Trump targets Pentagon spending as Musk's innovations promise defense transformation
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Trump's New Administration Features Unprecedented Wealth Among Appointees
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16:59 08.12.2024
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