According to a report on the CNBC website on January 22nd, JPMorgan Chase CEO Jamie Dimon said on the 22nd that he had eased the previously tense relationship with tech billionaire Elon Musk.
According to reports, Dimon said in an interview with CNBC at the WEF annual meeting in Davos, Switzerland: "Elon and I have embraced peace. He attended one of our meetings, and I had a pleasant and long conversation with him. We resolved some differences."
Dimon praised several of Musk's companies, including Tesla, SpaceX and Neuralink, a startup developing brain-computer interface systems.
"This guy is the Einstein of our time," the J.P. Morgan boss said. "I want to do whatever we can to help him and his company."
According to reports, before Dimon’s remarks, the U.S. banking giant had agreed late last year to drop a lawsuit against Tesla filed in 2021. The lawsuit seeks compensation of $162.2 million and related costs from Tesla in a stock warrant trading dispute.
Now, Musk plays a key role in the administration of newly inaugurated President Trump. He serves as head of an advisory committee called the Department of Government Efficiency (DOGE). Dimon said he wanted to "help them".
Dimon said: "The government needs to be more accountable, it needs to be more efficient, results-oriented. I mean, every department should be like that. So I wish them all the best. It's going to be complicated, and the business of the federal government is inherently complex."