"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

“Elon and I hugged it out,” Dimon said. “He came to one of our conferences. He and I had a nice, long chat. We settled some of our differences.”

JPMorgan Chase CEO Jamie Dimon wished Elon Musk the best with DOGE and said he'd "love to be helpful" with the government efficiency effort.

Elon Musk responds to the criticism over his one-armed gesture during Trump's inauguration which sparked controversy.

As Donald Trump is sworn in, the nation's richest and most powerful tech tycoons had some of the best seats in the house. Elon Musk, Amazon's Jeff Bezos, Facebook's Mark Zuckerburg, and Apple's Tim Cook were all in attendance.