JPMorgan Chase CEO Jamie Dimon said Wednesday that he and Tesla CEO Elon Musk have “hugged it out” and resolved their differences, after Dimon’s bank sued the tech billionaire’s electric vehicle

Jamie Dimon, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.

"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.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos.

Many Big Tech executives are in attendance at President Donald Trump's inauguration ceremony on Monday, namely one of the incoming president's biggest supporters: Tesla (TSLA) CEO Elon Musk. How are other world leaders viewing a tycoon such as Musk's closeness to the Trump administration,

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.

Donald Trump is not attending the World Economic Forum in Davos, but his policies are a key focus for attendees. WEF President Borge Brende mentioned increased interest in understanding 'Trump 2.0' and will engage him via video link.

Leaders from around the globe are currently gathering in Davos, Switzerland, for the World Economic Forum's annual multi-day meeting as newly-inaugurated President Trump is beginning his second term.

Valdis Dombrovskis, the commissioner for economy at the European Commission, discusses European economic policy and EU-U.S. relations at the World Economic Forum in Davos.

Move over billionaires. The first trillionaires are on their way.

How are other world leaders viewing a tycoon such as Musk's closeness to the Trump administration, especially after Trump picked him to co-lead the proposed Department of Government Efficiency (DOGE)?