Elon Musk announced Thursday that Vine, the once-popular short-form video app, will return in a new format powered by artificial intelligence. The announcement, made in a brief post on X, offered few detailed but confirmed the project is in development. "We're bringing back Vine, but in AI form," Musk wrote.

Elon Musk's companies have benefited from government contracts, including SpaceX through its relationships with the Pentagon and NASA.

President Donald Trump on Thursday is set to sign more executive orders and visit the Federal Reserve. Trump's trip to the central bank's headquarters comes amid his relentless criticism of Fed Chair Jerome Powell over interest rates and over the massive renovation project at the Fed.