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xAI has acquired X, xAI now valued at $80B

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Re: xAI has acquired X, xAI now valued at $80B

#61
post #51

Earlier quoted context omitted.

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.

Still, you have to give it to him, it works, and this has allowed him to do some incredible things beyond just hype. What he's pulled off with xAI more recently is really quite incredible. And obviously this isn't first time Elon proved he can execute better almost anyone else. I don't really have opinions on him as a person, but as a an entrepreneur you cant flaw him imo. He always finds a way to beat the odds.

"He's a terrible human, but look at the model benchmarks!" We're different people I suppose.

Re: xAI has acquired X, xAI now valued at $80B

#63
post #51

Earlier quoted context omitted.

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.

Still, you have to give it to him, it works, and this has allowed him to do some incredible things beyond just hype. What he's pulled off with xAI more recently is really quite incredible. And obviously this isn't first time Elon proved he can execute better almost anyone else. I don't really have opinions on him as a person, but as a an entrepreneur you cant flaw him imo. He always finds a way to beat the odds.

> What he's pulled off with xAI more recently is really quite incredible.

I genuinely have no idea what he's done that's incredible. I don't even know what xAI does apart from being a chatbot inside of twitter.

Re: xAI has acquired X, xAI now valued at $80B

#64
post #57
post #51

Earlier quoted context omitted.

Still, you have to give it to him, it works, and this has allowed him to do some incredible things beyond just hype. What he's pulled off with xAI more recently is really quite incredible. And obviously this isn't first time Elon proved he can execute better almost anyone else. I don't really have opinions on him as a person, but as a an entrepreneur you cant flaw him imo. He always finds a way to beat the odds.

> What he's pulled off with xAI more recently is really quite incredible. What?

[deleted]

Re: xAI has acquired X, xAI now valued at $80B

#65

Earlier quoted context omitted.

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 than when Twitter was acquired. 'Continues to decline' sounds like weasel wording that the media likes to use to push a narrative that doesn't exist. Edit: Comment flagged for pointing out inconvenient facts, it's wild out there

[dead]

Re: xAI has acquired X, xAI now valued at $80B

#66
post #35
post #9

What 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.

Solar roofs was one of many scams.

And he scammed the taxpayers of New York State for a billion dollar factory to build solar roofs. Factory built, stock was pumped, no solar roofs though.

The puffery about waste and fraud is pure projection coming from a scammer like Musk.

Re: xAI has acquired X, xAI now valued at $80B

#67
post #51

Earlier quoted context omitted.

Still, you have to give it to him, it works, and this has allowed him to do some incredible things beyond just hype. What he's pulled off with xAI more recently is really quite incredible. And obviously this isn't first time Elon proved he can execute better almost anyone else. I don't really have opinions on him as a person, but as a an entrepreneur you cant flaw him imo. He always finds a way to beat the odds.

> What he's pulled off with xAI more recently is really quite incredible. I genuinely have no idea what he's done that's incredible. I don't even know what xAI does apart from being a chatbot inside of twitter.

Grok was doing well on the LLM leaderboards (https://lmarena.ai/?leaderboard), until dethroned very recently by the latest ChatGPT and Gemini.

Re: xAI has acquired X, xAI now valued at $80B

#68
post #51

Earlier quoted context omitted.

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.

Still, you have to give it to him, it works, and this has allowed him to do some incredible things beyond just hype. What he's pulled off with xAI more recently is really quite incredible. And obviously this isn't first time Elon proved he can execute better almost anyone else. I don't really have opinions on him as a person, but as a an entrepreneur you cant flaw him imo. He always finds a way to beat the odds.

I think you are mixing up Grok with DeepSeek. Grok managed to make a mediocre model using way more resources. xAI has nothing.

Re: xAI has acquired X, xAI now valued at $80B

#69
post #2

This is the kind of crap we learned about when studying the "Robber Baron" era in the US public school system. Well, I mean, we were _supposed_ to learn it - evidently a lot of folks did not.

The Robber Baron era was more an instruction manual.

Inspiration for why to stay in school so that you too could become a robber baron. Like all history, learn the previous failings so that you can avoid them.

Re: xAI has acquired X, xAI now valued at $80B

#70
This is Solar City all over again, but at least this time it's not with public investors money.

He can now use the money raised by xAI, to pay off the debt of X, which was bleeding money.

So today in corporate America we have:

- Trump pardoning one of the most obvious scammer of the past 10 years - Trevor Milton

- Trump pardoning some obvious crypto scammers

- Musk using investors money from one of his companies, to bail out his another company, at the valuation he himself set

Unprecedented times. The damage to the rule of law will be hard repair - it will take decades.

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