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Elon Musk’s Efforts to Cut Spending in the Government Were So Incompetent That It’s Shocking, Internal Analysis Finds

In terms of demoralizing the federal workforce and demolishing the public sector, Elon Musk’s Department of Government Efficiency was a success.

In terms of actually saving money, though — its ostensible raison d’être — it was a dismal failure.

Musk vowed to slash $2 trillion in government “waste and fraud.” Then he lowered that target to $1 trillion, and behind the scenes reportedly promised Trump to save just a tenth of that figure. In the end, DOGE boasted on its website’s “Wall of Receipts” that it had saved around $215 billion — peanuts compared to its original promise.

But the actual amount of spending it slashed may be even lower than that. In a sweeping audit, the Government Accountability Office looked through the $110 billion that DOGE claimed it saved between January and July 2025, and found a trail of staggering incompetency that let loads of supposedly saved money fall through the cracks. That framing, though, could be too generous to Musk and his pimple-faced lackeys. You could also take the view that DOGE, in all likelihood, was deliberately cooking the books.

Per the GAO’s new report, released this month, DOGE claimed it terminated 13,476 contracts, but nearly 2,000 of them weren’t actually terminated. Spending-wise, about $27.4 billion of the purported savings came from these contracts that DOGE botched the terminations of.

The clumsy — or deceptive — bookkeeping didn’t end there. The receipts “includes leases identified for termination before [the group] was established,” the report states, as quoted by The Washington Post. And 108 of 264 of the leases it claimed it nixed “were already in process for termination.”

In all, the GAO found that over half of DOGE’s claimed $61 billion in contract savings couldn’t be verified or came from contracts that weren’t actually terminated. Similarly, 96 percent of the savings that it claimed came from grants couldn’t be verified by the accountability office, either.

Last August, an investigation by Politico found that of the $52.8 billion that DOGE had claimed to save by cancelling contracts at the time, its actual savings were closer to just $1.4 billion. To calculate how it saved money, DOGE dubiously used the maximum spending limit listed on the contracts it axed, figures that in practice are much higher than what the government ends up spending.

At the time, government procurement expert Jessica Tillipman told the outlet that the practice was akin to “taking out a credit card with a $20,000 credit limit, cancelling it and then saying, ‘I’ve just saved $20,000.'”

More on Elon Musk: Columbia Economist Baffled as to Why the Masses Aren’t Rising Up Against Elon Musk

The post Elon Musk’s Efforts to Cut Spending in the Government Were So Incompetent That It’s Shocking, Internal Analysis Finds appeared first on Futurism.

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VC-Funded Startups Linked to Persistent Fraud

It turns out the venture capital industry doesn’t just merely fund junky AI startups — it also systematically breeds the conditions for fraud.

A new joint study from researchers at the UK’s Imperial College and France’s Emlyon Business School analyzed 12 companies involved in 27 court cases related to civil or criminal cases related to securities fraud. The cases totaled around $688 million in financial losses, and resulted in 73 years of cumulative prison sentences.

After analyzing the individual cases, the researchers identified a persistent pattern of “façading,” in which startup entrepreneurs hide their flailing businesses from scrutiny through an assorted mix of fraudulent behavior.

The research, first reported by TechCrunch, identified three various types of façading: surface, reinforced, and deep façading, which are “contingent on the severity of the gap that entrepreneurs face between audiences’ performance expectations and ventures’ performance reality,” the paper explains.

The first form, surface façading, happens when startup founders create fictional stories of “imminent venture success,” like the kind of AI-washing that hit its stride in 2024, embodied by companies like Builder.ai that went on to collapse like a billion-dollar houses of cards.

This escalates into “reinforced façading” when founders begin to cook up things like bank statements or customer contracts to sell the surface story, and take pains to centralize the flow of information around the startup’s performance. One example of this might be the company iLearning Engines, a $1.5 billion AI startup which was found to be faking “virtually all its customer relationships and revenues” by a Department of Justice probe earlier this year.

Deep façading, the final and most severe form, encompasses broad forms of market manipulation, like faking product demonstrations, sabotaging internal efforts at due diligence, and manipulating regulation. This last form, one could argue, is embodied by the current front-runners of the tech industry’s AI boom, which have engaged in significant political lobbying, sabotaged their own internal research on AI safety, and routinely dress up human labor to appear like autonomous AI.

Ultimately, the line between criminality and free market innovation is thin, especially where seemingly-magical and proprietary new technologies like AI are involved (a technology which currently represents a $1.6 trillion gap between investor expectations and practical reality.)

“By engaging in façading, entrepreneurs effectively decouple the venture’s externally projected appearance from its operational reality, making it appear to audiences as if no expectation-reality gap exists, despite the venture’s actual (subpar) performance,” reads the paper. “Entrepreneurs transgress from dramatized discourse into criminal deception when their stories become unhinged from reality and involve increasingly sophisticated organizing efforts to fabricate material evidence, data, and information about their ventures’ performance.”

More on startups: We Are Mildly Horrified by This AI Startup That Coerced People Into Getting Tattoos of Its Logo in Exchange for a Job Interview

The post VC-Funded Startups Linked to Persistent Fraud appeared first on Futurism.

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Gen Z Helicopter Parents Are So Intense That They’re Calling Hiring Managers to Interfere

Few things are as mortifying to a youngster than their parents trying to butt in on their behalf: a dad berating the coach for not playing his kid more, for instance, or a mom showing up unannounced to their dorm and embarrassing them in front of your roommates.

So-called “helicopter” parents have always existed, but they’re now sticking their nose into their kid’s professional lives in ways that sound vaguely ludicrous.

At least, that’s according to bosses and recruiters that the Wall Street Journal spoke to, who complain that their Gen Z new hires are coming with the hefty baggage of overbearing parents.

These not-so-genial genitors are hounding hiring managers, shadowing their kid’s Zoom calls off-camera, and even applying for jobs on their behalf, per the paper’s reporting, leaving their employers flabbergasted. One said that some parents are even calling in sick for their adult children.

Steven Clark, CEO of an Alaska-based staffing firm, said he’s gotten calls from parents demanding to know why their child didn’t get a job.

“The first time it happened, I was appalled,” he told the WSJ. “Since then it’s become more of a here-we-go-again reaction.”

When he fired a 24-year-old who kept showing up late on his first week at a construction job, the kid’s mother called to confront him.

“I said, ‘Look, you know, this is between us and your son. He’s the employee,'” Clark recalled.

Per the reporting, Clark’s experience has become such a recurring phenomenon that it was discussed at the human resources group SHRM’s conference, the largest HR group in the world, earlier this summer. More than half of the 250 professionals in the room raised their hands when asked if a parent had called them on behalf of a young employee or job candidate, per the WSJ.

Jasmine Escalera, head career coach at the résumé service Zety, called the phenomenon “co-piloting.” In a recent survey of 1,000 Gen Zers, the company found that a mind-boggling 20 percent had a parent come with them to a job interview.

Again, helicopter parents aren’t new, and there’s a risk that this gets turned into even more Gen Z bashing. But maybe in an age when smartphones keep them in constant contact with their children, helicopter parents have become more extreme and emboldened. (Just ask the teachers who had to deal with parents freaking out when their kid’s phones were taken away.) And maybe some Gen Zers are undersocialized and under-prepared after their education was disrupted by a global pandemic. There’s also the small matter of their corhort entering what’s one of the worst job markets in decades. Anxieties are high for young jobseekers and their parents alike.

This all may be true, but sometimes moms and dads just need to let their baby birds leave the nest.

“Parents should not be calling employers to check on their application status or ask questions on behalf of their child,” Lynne Alba, a director of talent acquisition and physician recruitment at a large health system on Long Island, told the WSJ.

More on generational trends: Gen Z Appears to Be Reversing No-Drinking Trend, Now Lurching Toward Alcoholism

The post Gen Z Helicopter Parents Are So Intense That They’re Calling Hiring Managers to Interfere appeared first on Futurism.

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Google’s AI Is Telling Users That Flock Cameras Are Filled With Valuable Gold and Copper

Google’s notorious AI Overview just handed would-be Flock vandals a perfect excuse to carve into the company’s controversial AI-integrated license plate readers (ALPRs).

ALRPs are wildly unpopular, especially online, where privacy-minded communities trade memes and videos cheering on destruction of the surveillance equipment. One of the more popular bits in this space centers on the idea that Flock’s ALPR’s are supposedly packed with valuable metals like gold, copper, and zinc — so, the tongue-in-cheek riffing goes, why not crack one open and cash in at the nearest scrapyard?

Clever or not, the meme hinges on a spurious claim. ALPRs do contain trace amounts of gold and other metals, just not enough to be worth the trouble. Unless you’re well versed in breaking down circuit boards, you’d be hard pressed to earn enough to buy a Big Mac, let alone recoup your labor costs.

Google, itself an exemplar of AI-enabled surveillance, apparently missed the joke.

Search “how much gold does a Flock camera have” and Google’s AI Overview doesn’t even push back a little bit. Instead, it flatly asserts that a “Flock safety camera contains about 1 to 5 grams of gold used in its internal circuit boards and wiring.” (At today’s gold prices, that would mean each Flock camera contained up to $650 of gold.)

Google goes on to claim that Flock’s ALPRs hold anywhere from two to 23 pounds of copper, which would be an engineering marvel considering the whole device only weighs three pounds.

A screenshot of a Google search query for "how much gold does a flock camera have." The answer is an AI Overview, responding with hallucinated text.

Google’s AI Overview cites two sources to back up its summary, and neither holds up.

The first is an anonymous Substack post from an account called do.not.obey.do.not.comply, claiming the “rough scrap value of these metals per camera is estimated to be $150 to $500.” Google’s summary skips the fine print, however: that figure comes from “estimates based on scrap-value discussions” — vibes, in other words, as opposed to actual reporting or financial information.

The second is an AI-generated Instagram post riffing on the same meme, egging vandals on to gut the camera to access their supposedly precious innards. The account behind that post seems to belong to a weed grower, with most other posts about plant cloning, hydroponics, and fully grown cannabis flower.

There’s a real irony buried in all this AI slop: one AI-surveillance company’s search engine is quietly manufacturing an excuse to destroy another AI-surveillance company’s product. If that doesn’t sum up the current state of the AI-obsessed tech industry, nothing will.

Google didn’t respond to a request for comment.

More on Flock: Flock Employee Quits In Disgust, Saying the Company Is Silencing Protestors

The post Google’s AI Is Telling Users That Flock Cameras Are Filled With Valuable Gold and Copper appeared first on Futurism.

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