Earlier quoted context omitted.
They swear that they will obey lawful orders from their commanders, all the way up to the President.
Who decides whether order is lawful or not?
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xAI has acquired X, xAI now valued at $80B
251–260 of 1001 posts
Re: xAI has acquired X, xAI now valued at $80B
#252Earlier quoted context omitted.
And then will leverage against that valuation for loans, acquisitions, etc. Self dealing. Nobody cares anymore.
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".
"But that guy George Soros surely is up to no good!"
It's probably being spoken by some podcast that helped get Trump elected.
When they have an actual conspiracy, with actual billionaires paying the president and getting full access to the government, while getting public contracts... all of this being live streamed... they're still stuck in George Soros and the Deep State lizard people fantasy.
Re: xAI has acquired X, xAI now valued at $80B
#253He 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…
The solar city acquisition was for "only" $2.6 billion. This deal is way bigger. I'm not sure what the Tesla valuation was at the time of that deal, but I have to imagine it's proportionally way bigger too. A $45 billion acquisition when the acquirer, xAI, has an $80 billion valuation will threaten the integrity of xAI. Particularly because that's just a paper valuation and xAI doesn't have much of any revenue. If I…
Just keep in mind this is all funny money !
The valuation of those 2 companies combined should be X is heavily in debt, diminishing user base, and bleeding money. 0 profits
xAI is yet to make any actual revenues outside of ... X. Also bleeding money
Although I would admit, that these companies are not valued based by their economics, but rather on political power they provide to the owner.
Re: xAI has acquired X, xAI now valued at $80B
#254Re: xAI has acquired X, xAI now valued at $80B
#255Earlier quoted context omitted.
He only holds ~15% of Tesla. His real money is in SpaceX... 50% ownership there. I wish people would think just a little before parroting the "hit Musk where it hurts" drivel.
At the rate he's going, SpaceX is probably on its way to being nationalized within the next few elections. And that would make sense totally aside from punitive response: it is pretty dangerous to have such vital defense infrastructure controlled by such a mercurial personality.
Yes let's just have a fascist government that can seize private property because they declare it "dangerous." I see no way that could go bad.
Re: xAI has acquired X, xAI now valued at $80B
#256Earlier quoted context omitted.
More likely Musk liked xAI's CTO more than X's CTO, and parted ways with one of them. Which is his prerogative, as the owner of both companies. I'm sure Haofei would love to be the CTO of one of the strongest AI models in existence. I would, if I were in his shoes.
"strongest AI models in existence" [citation needed]
See the leaderboard tab here: https://lmarena.ai. Or just try it. It's excellent. Usage is free of charge so far. Subjectively, on my prompts, it seems substantially stronger than GPT 4o and 4.5. I also like its more "informal" tone, and its willingness to discuss the more controversial topics.
Re: xAI has acquired X, xAI now valued at $80B
#257Must be the most expensive botnet in human history
Re: xAI has acquired X, xAI now valued at $80B
#258There's a lot of negativity here, but tbh, it makes complete sense. Grok and X are really tightly integrated already, and it was strange that they were separate enterprises to begin with. That part was odd. Fixing it isn't odd.
The negativity is because he's using investor money in xAI in a related party transaction. He's negotiating both sides of the sale and it's not at all obvious the transaction price is a good or real price for Twitter. It may make sense to merge the two, but this is an unethical way to make a deal and I think it is likely the xAI investors are getting screwed.
Re: xAI has acquired X, xAI now valued at $80B
#259He 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…
The solar city acquisition was for "only" $2.6 billion. This deal is way bigger. I'm not sure what the Tesla valuation was at the time of that deal, but I have to imagine it's proportionally way bigger too. A $45 billion acquisition when the acquirer, xAI, has an $80 billion valuation will threaten the integrity of xAI. Particularly because that's just a paper valuation and xAI doesn't have much of any revenue. If I…
> and xAI doesn't have much of any revenue or assets.
xAI does have some pretty massive datacenters with 200K+ GPUs.
Re: xAI has acquired X, xAI now valued at $80B
#260So 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…
> 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.
Just being rich doesn't mean he's got all the power to stop that: https://en.wikipedia.org/wiki/Bernie_Madoff
Him being a Trump associate is a lever, but not a financial one… unless and until they have a falling-out. I'd be surprised if that's any less than 6 months away, or more than 3 years away.
> 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 has ever seen. Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him
Depends if he dies in office (~10% all causes, he's old etc.), and if the dems regain congress in two years.
Trump was already very close to getting one day in jail due to inability to behave himself in the trial where he got all those felony convictions, and he did get impeached twice.