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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

#171

Post by kansface »

redox99 wrote: post #167
thanhhaimai wrote: post #136

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

I don't understand the relation with TSLA.

Musk leveraged TSLA stock to buy Twitter.

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

#173

Post by pityJuke »

thanhhaimai wrote: post #136

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

xAI was seperated from X in what sense? xAI employees were X employees [1]. X reportedly had a stake in xAI, although The Verge says that hasn't materialized yet [0]. xAI's primary UI was X.

(This is primarily around your backlash comments, I'm sure some shareholder malarkey could make them technically separate).

[0]: https://www.theverge.com/news/638933/elon-musk-x-xai-acquisi...

[1]: https://www.theverge.com/2025/1/10/24339249/elon-musk-xai-x-...

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

#174

Post by [deleted] »

mingus88 wrote: post #87
saaaaaam wrote: post #48

So 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.

Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…

[deleted]

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

#175

Post by danso »

Okay, I know Tesla's extremely high P/E ratio is because it's worth is not just tied to cars, and so xAI priced at $20B more than Anthropic does not necessarily mean xAI's AI products are that much better than Anthropic's (e.g. presumably xAI's worth is tied to synergies with Tesla FSD, Optimus, and maybe even Neurolink)...but what products does xAI actually offer, other than Grok being an add-on for premium X subscriptions?

Not only does the Grok API not have access to Grok 3, which was released more than a month ago, it doesn't even have it's own SDK? [0]

> Some of Grok users might have migrated from other LLM providers. xAI API is designed to be compatible with both OpenAI and Anthropic SDKs, except certain capabilities not offered by respective SDK. If you can use either SDKs, we recommend using OpenAI SDK for better stability.

(every code example has a call for `from openai import OpenAI`)

How would using Grok be viable for any enterprise? And if Grok's API is designed to be drop-in replacement for OpenAI's, how are they not able to just use Grok to whip up their own SDK variant based on OpenAI's open-sourced SDK [1] and API spec?

[0] https://docs.x.ai/docs/guides/migration

[1] https://github.com/openai/openai-python

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

#176

Post by Workaccount2 »

miohtama wrote: post #163
Workaccount2 wrote: post #160

Earlier quoted context omitted.

Trump pardoned Trevor Milton today, who scammed investors out of millions doing things like his now infamous "rolling a truck down a hill to make it looks functional" demo. Milton donated $1.8M to Trump, and Miltons lawyer's sister is Pam Bondi, the Attorney General. This is nakedly corrupt and a strong signal that you can get away with all manner of financial fuckery if you are on Trumps "good list".

Every democratic country deserves the government they get.

At least we don't have to worry about trans kids swimming on the girls swim team.

/s

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

#177

Post by paul7986 »

dashundchen wrote: post #66
ajaimk wrote: post #35

Earlier quoted context omitted.

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.

Who also talks like Sam Altman that the human race will need to all be on welfare (Universal Basic Income) because of AI.

I don't understand it all ...cut people's jobs who make multitudes of billions less (cut 25k probationary employees like ripping off a band-aid), want people to work like the Chinese do (day and night) so we are the leader in AI (?) and after AI starts replacing jobs we all need to be on a welfare system. Isn't a welfare system the biggest waste to the Republican party (independent here)?

Does he even know his end game with all this or he's just having fun be the most powerful person?

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

#179

Post by llm_nerd »

enslavedrobot wrote: post #93
saaaaaam wrote: post #48

So 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.

The value of Twitter was set when the bonds used to finance the purchase were sold recently for 97cents on the dollar.

Musk threw in xAI ownership to sell those bonds, which themselves have an 11% rate. Musk basically backstopped the bonds by giving a heads up of this.

No, that was absolute fantasy numbers, and in no universe did it verify any value of Twitter.

Musk really, really knows how to play people. He deserves that credit.

And I mean, bond discounts or not have nothing to do with the value of a company. The discount on a bond is based upon the likelihood they'll ever be paid off, and after it was clear that Musk would save the failure of X by using one of his other companies and AI hype to do so (as others have said, just like SolarCity), the bond lost its discount. X's value could be $1, but if the bonds are going to be repaid they'll sell at no discount.

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

#180

Post by danpalmer »

mingus88 wrote: post #87
saaaaaam wrote: post #48

So 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.

Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…

I don’t want to downplay your point, I basically agree, but in real terms I believe there have been several people richer than him, and it is hard to judge the relative wealth of people long ago.
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