{"id":632,"date":"2025-02-17T09:16:50","date_gmt":"2025-02-17T09:16:50","guid":{"rendered":"https:\/\/kensmartips.com\/finance\/?p=632"},"modified":"2025-02-17T09:16:50","modified_gmt":"2025-02-17T09:16:50","slug":"doge-looks-to-ai-to-cut-defense-spending","status":"publish","type":"post","link":"https:\/\/kensmartips.com\/finance\/?p=632","title":{"rendered":"DOGE looks to AI to cut defense spending"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/p3F8OHAXOOA\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>The US Department of Defense (DoD) is preparing for cuts from Tesla (TSLA) CEO Elon Musk&#8217;s Department of Government Efficiency (DOGE). The Defense Department&#8217;s 2024 budget amounted to $841.4 billion, which US President Donald Trump says he wants to half.<br \/>\nAllen Control Systems CEO Steve Simoni sits down with Madison Mills on Catalysts to discuss what the company, which makes artificial intelligence (AI) weapons and is backed by Trump&#8217;s AI and crypto czar David Sacks, expects from Trump&#8217;s second term in the White House.<br \/>\nSimoni says Allen Control Systems makes an &#8220;AI-powered machine gun,&#8221; explaining, &#8220;What we&#8217;re trying to do is change the battlefield economics. Right now, we&#8217;re shooting down drones \u2014 Elon [Musk] talks about this a lot \u2014 with like $100,000 missiles and the drones cost $1,000. So what we&#8217;re trying to do is use an AI-powered machine gun, which a bullet costs a dollar, to shoot down.&#8221;<br \/>\nWatch the video above to learn more about the autonomous weapon space from the Allen Control Systems CEO.<br \/>\nTo watch more expert insights and analysis on the latest market action, check out more Catalysts here.<br \/>\nhttps:\/\/finance.yahoo.com\/videos\/series\/catalysts\/<br \/>\n#youtube #elonmusk #stocks <\/p>\n<p>About Yahoo Finance:<\/p>\n<p>Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.<\/p>\n<p>&#8211; Get the latest news and data at finance.yahoo.com<\/p>\n<p>&#8211; Download the Yahoo Finance app on Apple (https:\/\/apple.co\/3Rten0R) or Android (https:\/\/bit.ly\/3t8UnXO)<\/p>\n<p>&#8211; Follow Yahoo Finance on social:<\/p>\n<p>X: http:\/\/twitter.com\/YahooFinance<br \/>\nInstagram: https:\/\/www.instagram.com\/yahoofinance\/?hl=en<br \/>\nTikTok: https:\/\/www.tiktok.com\/@yahoofinance?lang=en<br \/>\nFacebook: https:\/\/www.facebook.com\/yahoofinance\/<br \/>\nLinkedIn: https:\/\/www.linkedin.com\/company\/yahoo-finance<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Department of Defense (DoD) is preparing for cuts from Tesla (TSLA) CEO Elon Musk&#8217;s Department of Government Efficiency [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - 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