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xAI has acquired X, xAI now valued at $80B
31–40 of 1001 posts
Re: xAI has acquired X, xAI now valued at $80B
#32So, what does this actually mean?
Guessing it means Linda Yaccarino doesn't get to pretend to be CEO anymore.
Re: xAI has acquired X, xAI now valued at $80B
#33Can we speculate if X's CTO didn't like the reorg? 3 days ago "X’s director of engineering, Haofei Wang, has left the company " https://news.ycombinator.com/item?id=43470613
Re: xAI has acquired X, xAI now valued at $80B
#34I get a kick out of how the link in this story is "twitter.com" instead of "x.com". Personally, I think everyone should just continue to say "Twitter."
I do and I always will. I refuse to play along with corporate rebrands, be it Twitter, Facebook, Comcast, Charter or anything else.
Don't forget Blackwater!
Re: xAI has acquired X, xAI now valued at $80B
#35What is the play here? Using money invested in xAI and its inflated valuation to bail out the X investors?
Yes. He did it with Solarcity already.
Re: xAI has acquired X, xAI now valued at $80B
#36no thanks
Re: xAI has acquired X, xAI now valued at $80B
#37What is the play here? Using money invested in xAI and its inflated valuation to bail out the X investors?
That and the data that is a part of X can be used by the xAI team. I expect it will be in the TOS if it isn't there already. "xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent."
I think any LLM that’s not trained on X data comes out ahead.
Re: xAI has acquired X, xAI now valued at $80B
#38What is the play here? Using money invested in xAI and its inflated valuation to bail out the X investors?
It bails out Elon and means his Tesla shares (borrowed against to purchase Twitter) won’t be liquidated as Tesla’s share price continues to decline, using xAI investor funds. He uses hype and sentiment (inflating valuations) in the capital markets to always stay slightly ahead of consequences.
Tesla shares are higher now than they were when he closed on Twitter in October 2022.
Re: xAI has acquired X, xAI now valued at $80B
#39I get a kick out of how the link in this story is "twitter.com" instead of "x.com". Personally, I think everyone should just continue to say "Twitter."
And Facebook instead of Meta, although if I think of it, I'd rather not say any of those in any context.
Facebook is a product, Meta is a company. It was always weird to say Facebook in the context of Instagram, WhatsApp, Oculus etc. Heck who even uses Facebook now?
Re: xAI has acquired X, xAI now valued at $80B
#40What is the play here? Using money invested in xAI and its inflated valuation to bail out the X investors?
To me it appears to be a way to pay his lenders without liquidating or collateralizing more Tesla stock.
So he can use the funds he raised for xAI to pay out the lenders for the initial Twitter purchase? Otherwise the lenders are just getting xAI stock (all stock deal) which I assume is illiquid?