xAI announces series B funding round of $6B • Hacker News Board

Re: xAI announces series B funding round of $6B

#281

Post by MrSkelter » Wed, May 29, 2024, 9:53 AM UTC

ben_w wrote: post #242

tarsinge wrote: post #195

Earlier quoted context omitted.

The capacity of continuing the real world problem solving is very blurry. Boring is a joke. For Tesla he is not a founder, and they are mostly relying on a 10 year old product (new product is a joke) that'll only maybe saved with tariffs. It's mostly a meme stock company by now. SpaceX is a great success but his job was only providing money through government contracts and having the luck of finding Gwynne Shotwell,…

> For Tesla he is not a founder, and they are mostly relying on a 10 year old product (new product is a joke) that'll only maybe saved with tariffs. This is both true and irrelevant. When Musk took over, the Tesla Death Watch was running strong because it had made 100-and-something individual vehicles in total and relied entirely on finding more investors to not go bankrupt. What Tesla needed is exactly what Musk is:…

Tesla is still entirely supported by investors, government subsidies and hype. Nothing has changed. Without credits and customer subsidies they wouldn’t ever have made anything.

Re: xAI announces series B funding round of $6B

#282

Post by Aeolun » Wed, May 29, 2024, 1:45 PM UTC

pennomi wrote: post #233

whamlastxmas wrote: post #225

Earlier quoted context omitted.

Agreed, Elon has failed at everything he’s attempted and is basically broke these days, along with his companies teetering on the edge of bankruptcy. People need to stop giving him money because all he does is lose it

I mean, other than SpaceX, which created the world’s most reliable rocket, and delivers more mass to orbit than anyone else. Dunno how anyone could consider that a failure.

Yeah, but I dunno. I get the feeling that Elon is one of those people that's really good at finding the right suckers to do the job. If he leaves them alone, things go well. If he doesn't. Twitter.

Re: xAI announces series B funding round of $6B

#283

Post by ben_w » Wed, May 29, 2024, 2:03 PM UTC

MrSkelter wrote: post #281

ben_w wrote: post #242

Earlier quoted context omitted.

> For Tesla he is not a founder, and they are mostly relying on a 10 year old product (new product is a joke) that'll only maybe saved with tariffs. This is both true and irrelevant. When Musk took over, the Tesla Death Watch was running strong because it had made 100-and-something individual vehicles in total and relied entirely on finding more investors to not go bankrupt. What Tesla needed is exactly what Musk is:…

Tesla is still entirely supported by investors, government subsidies and hype. Nothing has changed. Without credits and customer subsidies they wouldn’t ever have made anything.

You forgot the 6010172 vehicles they sold — Musk is respons for at least 6010025 of those, his predecessors for at most 147.

This is a pretty big thing to overlook, regardless of subsidies, as it's at least in the low hundreds of billions of dollars of revenue.

Hype, sure, that's the lighting every company wishes it could bottle for their product launches. Even the metaphorical launches rather than Musk's more literal use of the word: https://en.wikipedia.org/wiki/Elon_Musk%27s_Tesla_Roadster

Is "hype" a dirty word for you? Because my point is, that brought in actual sales, which they didn't meaningfully have before.

> Without credits and customer subsidies they wouldn’t ever have made anything

And? The sole purpose of those things is to convince the private sector to get something done. You're complaining that they worked.

Re: xAI announces series B funding round of $6B

#284

Post by [deleted] » Wed, May 29, 2024, 2:50 PM UTC

MrSkelter wrote: post #276

nomel wrote: post #274

Earlier quoted context omitted.

Could you name the competing self driving systems (as in currently competing, with similar performance) that are available to the public, for private transport, that you have in mind?

Many are not available in the US. Audi have a leading system and Mercedes have the highest rated system available in the US and are officially at level 3. The problem is Musk sucks up so much air marketing Tesla as leading people have come to believe it. The leading systems aren’t super impressive yet but Musks lies about his system which doesn’t work aren’t proof of anything but hubris. He’s just pumping stock to th…

[deleted]

Re: xAI announces series B funding round of $6B

#285

Post by rlt » Wed, May 29, 2024, 3:22 PM UTC

pennomi wrote: post #233

whamlastxmas wrote: post #225

Earlier quoted context omitted.

Agreed, Elon has failed at everything he’s attempted and is basically broke these days, along with his companies teetering on the edge of bankruptcy. People need to stop giving him money because all he does is lose it

I mean, other than SpaceX, which created the world’s most reliable rocket, and delivers more mass to orbit than anyone else. Dunno how anyone could consider that a failure.

I hope the parent comment had a heavy dose of sarcasm seeing as his net worth is $200B and Tesla is also doing well.

He has certainly made some bizarre choices running Twitter though.