An unpaid group of billionaires, tech executives and some disciples of Peter Thiel, a powerful Republican donor, are preparing to take up unofficial positions in the U.S. government in the name of cost-cutting.

Elon Musk changed his previous projection of how much he can save the U.S. in his new role as co-head of Donald Trump 's Department of Government Efficiency (DOGE).

Musk contributed around $275 million to Trump's election campaign. On Wednesday, the Tesla CEO admitted that DOGE may not meet its initial aim to cut $2 trillion in federal spendi