Earlier quoted context omitted.
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!
Currently known as Constellis.
xAI has acquired X, xAI now valued at $80B
71–80 of 1001 posts
Re: xAI has acquired X, xAI now valued at $80B
#72I wonder if Tesla will buy xAI. Doesn't Tesla need the GPU power of xAI? Are they renting it, or do they have their own servers?
Re: xAI has acquired X, xAI now valued at $80B
#73Earlier 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 now than they were when he closed on Twitter in October 2022.
Heck, TSLA today is higher than on 5 November 2024, less than five months ago!
Re: xAI has acquired X, xAI now valued at $80B
#74Earlier quoted context omitted.
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."
Weren't they already doing that? I recall before I bailed from X/Twitter they already added an AI training consent toggle, which silently defaulted to "I consent" for all existing users of course.
> I recall before I bailed from X/Twitter they already added an AI training consent toggle, which silently defaulted to "I consent" for all existing users of course.
There's a solution for that: build a Twitter bot that posts strange things.
Re: xAI has acquired X, xAI now valued at $80B
#75He has done this move before with Tesla buying Solar City. When you do a deal with yourself you can assign any value you want to assets, it isn’t a competitive process. In the previous case Solar City was dying but its acquisition by Tesla was pitched as a great synergy. https://www.businessinsider.com/solarcity-tesla-energy-belea... There were a few lawsuits from Tesla shareholders about the acquisition regarding se…
Surely a theoretically disgruntled xAI shareholder is going to have a harder time here since they're both private companies and given Elon's proximity to any potential regulators.
Re: xAI has acquired X, xAI now valued at $80B
#76Earlier quoted context omitted.
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
67% of Americans would not consider buying a Tesla, new poll says - https://electrek.co/2025/03/28/most-americans-would-not-cons... - March 28th, 2025 Tesla (TSLA) Q1 delivery consensus: 377,000 EVs – worst performance in 2 years - https://electrek.co/2025/03/28/tesla-tsla-q1-delivery-consen... - March 28th, 2025 Tesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebates - https://ele…
ivewonyoung and raynier are still correct. TSLA today is higher than on 5 November 2024, less than five months ago.
Re: xAI has acquired X, xAI now valued at $80B
#77He has done this move before with Tesla buying Solar City. When you do a deal with yourself you can assign any value you want to assets, it isn’t a competitive process. In the previous case Solar City was dying but its acquisition by Tesla was pitched as a great synergy. https://www.businessinsider.com/solarcity-tesla-energy-belea... There were a few lawsuits from Tesla shareholders about the acquisition regarding se…
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Re: xAI has acquired X, xAI now valued at $80B
#78Earlier quoted context omitted.
Weren't they already doing that? I recall before I bailed from X/Twitter they already added an AI training consent toggle, which silently defaulted to "I consent" for all existing users of course.
> I recall before I bailed from X/Twitter they already added an AI training consent toggle, which silently defaulted to "I consent" for all existing users of course. There's a solution for that: build a Twitter bot that posts strange things.
Are the porn bots still around? Maybe they were the heroes we needed after all.
Re: xAI has acquired X, xAI now valued at $80B
#79So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he paid entirely using “money” that has a made up value and which he issues himself? Wild.
Welcome to very-late-stage capitalism.
And if you can get the right people to believe in the arbitrarily large numbers you invented out of thin air you can get away with just about anything because the wealthy don't have any real consequences.
Re: xAI has acquired X, xAI now valued at $80B
#80He has done this move before with Tesla buying Solar City. When you do a deal with yourself you can assign any value you want to assets, it isn’t a competitive process. In the previous case Solar City was dying but its acquisition by Tesla was pitched as a great synergy. https://www.businessinsider.com/solarcity-tesla-energy-belea... There were a few lawsuits from Tesla shareholders about the acquisition regarding se…
Tesla bought Solar City for $2.6 billion, and now it looks like the Tesla Energy division had about that much in net income last year alone.