Publicly Elon Musk couldn’t care less about attending the World Economic Forum in Davos, Switzerland, but privately he has a history of being the ultimate pick-me guy, according to the WEF’s former head of communications.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

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, this week, putting an end to years of head-butting between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

Donald Trump and Elon Musk loom large over this year's World Economic Forum in Davos.

"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.

Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.

Musk then slapped his chest with his right hand, before flinging it diagonally upwards, palm face down. He turned around to audience members behind the podium, and repeated the gesture. “My heart goes out to you,

JPMorgan CEO Jamie Dimon said he and Elon Musk “hugged it out” and put aside nearly a decade of tense interactions thanks to a conversation the pair had at a conference last year.

During the World Economic Forum in Davos, Switzerland, the AI developer’s finance chief talked in detail about the company’s restructuring, Elon Musk’s legal actions and IPO best practices.

The chairman of the World Holocaust Remembrance Center has accused Elon Musk of insulting victims of Nazism after the billionaire told a German far-right political party that the country needed to “move beyond” the “guilt” of the past.

CEO Jamie Dimon praised Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Wednesday and indicated that the two billionaires have patched holes in their relationship.

Sarah Kate Ellis spoke at the World Economic Forum in Davos, Switzerland, on Thursday: "It's a distraction — they're grabbing more power."