Friday, April 10, 2026

US Defense AI Official Made Millions Selling xAI stock

A high-profile US defense department official who oversees the agency's artificial intelligence efforts made a profit of up to $24m selling a private investment he held in Elon Musk's AI company earlier this year, according to government ethics records released this month. The value of his stake totaled a maximum of a million dollars when he joined the department.

Comments

"Richard Painter, a former ethics lawyer at the White House under President George W Bush, said that in general it was a criminal violation for government officials to participate in any government actions that would benefit their own financial interests.

"It sounds pretty weird," he said of the transactions. "There is no way that a decent ethics lawyer would let a [defense department] official hold on to AI stock while he's involved in AI matters.

You would have a very high chance of violating the criminal statute." Federal law prohibits officials from taking actions in their jobs that benefit their own financial interests."

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He can apply for a Cabinet Job with those scam credentials.

#1 | Posted by Corky at 2026-04-10 10:40 PM

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