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Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

fortune.com

11–20 of 300 posts

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#12

"The pitch deck, he revealed, describes Manas as “an AI drug discovery factory for creating monopolies” legally permissible, he notes, because pharmaceutical IP functions as a sanctioned monopoly by design."

What a weird way to describe what is just another drug company, exactly the same way every single drug company functions.

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#13
post #4

This shows how out of touch people like Reid Hoffman is. He thinks it's a daming accusation that SpaceX is "not AI" but in reality "not AI" means rockets and satellite internet. The parts of the business his class cares about is the garbage, not the substance Agree that X.ai is a tire fire.

isn't that his point?

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#14
post #4

This shows how out of touch people like Reid Hoffman is. He thinks it's a daming accusation that SpaceX is "not AI" but in reality "not AI" means rockets and satellite internet. The parts of the business his class cares about is the garbage, not the substance Agree that X.ai is a tire fire.

It sounds like you agree with Hoffman's statement. So how is he "out of touch"?

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#15
post #7

Not an AI company? You don’t have to keep selling me on SPCX, I’m a buyer now.

Unfortunately for you, it's priced like one.

SpaceX: "Not an AI company, but priced like one"

Tesla: "Not a tech company, but priced like one"

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#16
post #4

This shows how out of touch people like Reid Hoffman is. He thinks it's a daming accusation that SpaceX is "not AI" but in reality "not AI" means rockets and satellite internet. The parts of the business his class cares about is the garbage, not the substance Agree that X.ai is a tire fire.

The SpaceX S-1 says they’re going to be making $320bn by 2030 on AI services at a profit margin of 74%. That dwarfs all the launch business and even Starlink, which they very optimistically project as well. This is how they supported the IPO valuation.

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#17
post #4

This shows how out of touch people like Reid Hoffman is. He thinks it's a daming accusation that SpaceX is "not AI" but in reality "not AI" means rockets and satellite internet. The parts of the business his class cares about is the garbage, not the substance Agree that X.ai is a tire fire.

The problem is that SpaceX financials supporting the IPO say SpaceX is a major AI company that has a minor side-hustle of making rockets that sell satellite internet.

[deleted]

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#18
post #4

This shows how out of touch people like Reid Hoffman is. He thinks it's a daming accusation that SpaceX is "not AI" but in reality "not AI" means rockets and satellite internet. The parts of the business his class cares about is the garbage, not the substance Agree that X.ai is a tire fire.

The SpaceX IPO prospectus states that the company is targeting a TAM of $28.5T, equal to roughly a quarter of the world's gross economic output.

Patrick Boyle said it best. Roughly 1 billion people on the planet make more than $12k annually (folks with "discretionary" income). Divide that TAM of $28.5T by 1B and the every single person needs to give SpaceX ~$28.5K every year forever in order for that figure to make sense. It's more than 3x what the planet spends on food currently.

Re: Reid Hoffman says SpaceX 'not an AI company', xAI 'complete train wreck'

#20
How is Reid Hoffman relevant?

Someone like Elon being asked for their opinion on tech - I kind of understand - was at least at the coal face of SpaceX and Tesla for a time, seemed to understand the tech and was not terrible when it came to direction.

Zuck I'd get, Bezos, Dario, Sam - but I don't actually get why Reid is always in the conversation - he's never been in front of anything

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