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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

#451

Post by zahlman »

Workaccount2 wrote: post #176
miohtama wrote: post #163

Earlier quoted context omitted.

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

>Please don't use Hacker News for political or ideological battle. It tramples curiosity.

Comments like these are wildly off the original topic and practically invite the dead replies. As a rule of thumb, if you're about to put "/s" at the bottom of a post on an even remotely political topic, please reconsider. Especially if your sarcasm is already quite obvious, and obviously being used to bash a political outgroup.

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

#452

Post by coliveira »

zozbot234 wrote: post #126
mingus88 wrote: post #87

Earlier quoted context omitted.

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…

That military apparatus is sworn to uphold the Constitution, not support the current president.

Let's be realistic: Congress has given away its power for decades. It is nowadays a Congress permanently divided and pretty much non-functional.

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

#453

Post by trod1234 »

charles_f wrote: post #431
rayiner wrote: post #182

Earlier quoted context omitted.

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

Arguably we'll never know. A court ruling that it's a fair price isn't the same as letting the market decide

Even if there was a market, any market naturally requires adversarial decision making in the negotiation of a deal to have economic calculation (what we generally view the benefit we derive from a market in the first place).

When the same people are making the ask as making the buy, you literally cannot decouple the decision-making in a way that objectively eliminates cooperation.

A market cannot exist when the entities involved abandon adversarial decision-making and cooperate. One's priority is always suborned by one or the other.

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

#454

Post by shit_game »

sorcerer-mar wrote: post #211
LanceJones wrote: post #125

Earlier 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.

The current administration has shared favorable views on "public-private partnership", which suggests that outright nationalization isn't the goal; I'd imagine the more likely scenario is that national assets will be dismantled and their functions will instead be contracted out to private operations with horrendously corrupt deals.

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

#455

Post by charcircuit »

bayarearefugee wrote: post #24
andrewstuart wrote: post #10

Can someone please explain this with more words?

My take is that its super obvious X is a rapidly failing social media platform that is reportedly very dangerously leveraged with Tesla stock value... but xAI still has that Zombo.com magic where anything is possible and the unattainable is unknown.

>rapidly failing social media platform

What suggests that? It seems neutral to me. It gained a billion dollar valuation since the acquisition. Ad revenue is returning back to the levels it was at. There were other revenue streams added to more effectively monetize it.

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

#456

Post by [deleted] »

charles_f wrote: post #431
rayiner wrote: post #182

Earlier quoted context omitted.

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

Arguably we'll never know. A court ruling that it's a fair price isn't the same as letting the market decide

[deleted]

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

#457

Post by lz400 »

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…

IMHO the US is turning into an oligarchy / autocracy like Russia. Musk is one of the oligarchs. We all know what happens to oligarchs when they get too close to eclipse the top dog and go near a window.

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

#458

Post by JumpCrisscross »

vbezhenar wrote: post #231
sorcerer-mar wrote: post #204

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?

> Who decides whether order is lawful or not?

The individual. If your boss orders you to do something illegal, it’s up to you to be sceptical and do your research. That’s the only way it can work without converting a part of the population to drones.

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

#459

Post by [deleted] »

kulahan wrote: post #351
Alive-in-2025 wrote: post #339

Earlier quoted context omitted.

He bought it with stock from another company that has no clear value and is a meaningless hype monster. What is xai going to do that 10 other AI companies aren't going to build, anthropic, openai, etc.

Theoretically the synergy with Twitter could be fantastic in terms of potential value added, if I’m trying to be down to earth. The others have no real foothold in the real world beyond their own services, and users may flock away as AI integrated into their favorite apps etc. become good enough.

[deleted]

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

#460

Post by anigbrowl »

LanceJones wrote: post #125
mingus88 wrote: post #87

Earlier quoted context omitted.

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 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.

This is correct, but there are plenty of Tesla dealerships to protest outside and cars for people to remember they don't like him. People could protest outside a SpaceX facility but it's unlikely they would garner any attention by doing so.
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