Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
Summary
Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.
Musk stated the merger will combine AI expertise with X’s broad reach.
xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.
You're viewing a single thread.
why does this feel like a twitter bailout. so he gets to shuffle the financial deck of these 2 so twitter isnt a complete failure monetarily?
yes, he uses the hype investor cash that poured into the ai boondogle to cover his insane twitter purchase and literally bail himself out of his stupidity
How do i do that with a mortgage?
You need another property. Work a shady deal with a bank to massively overvalue that property. Borrow against that equity.
"Well what do I do with an overvalued loan on my other property now?" I hear you ask. Simple! Have another another property. Work a shady deal to massively overvalue...
Gotcha. Ok, please recommend a shady bank that is interested in sketchiness at my level
axos bank apparently, but you got to know the shareholders.
That depends, do you have the "rich" status condition?
I have not yet unlocked that perk
Keep tuggin on them bootstraps and you'll get there eventually
Have the most money in the world.
I don’t think I need a mortgage at that point
Now you get it.
It's not a xhitter bailout. It's a robbery of shareholder investment.
If he wants to use xhitter content for grok, that's gonna be most fucked up LLM of all.
It's gonna make Bender look like a commie saint
