I own a pair of pants, and it's valued at $200B.
I wear them while strolling through my $1T city, and browsing billion-MAU websites.
You can buy them or not—that’s up to you. But the valuation? $200B - official.
xAI has acquired X, xAI now valued at $80B
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Re: xAI has acquired X, xAI now valued at $80B
#472Earlier quoted context omitted.
I'm surprised they aren't talking about trying to take over Mexico too.
The reason behind wanting to annex us Canadians and not Mexico is because we speak English and they don’t. C’est logique.
I'd say someone has convinced him that Canada and Greenland will increase in value as the planet continues to warm, and this makes them 'at any cost' targets.
Re: xAI has acquired X, xAI now valued at $80B
#473Earlier quoted context omitted.
No X shareholder in their right mind will object to getting a $45 billion valuation (including debt) when their latest valuations have the company at <$10 billion.
Those valuations are all bs though. They are hinged on traffic estimates and ad revenue. X is clearly worth a lot more than just it's revenue would indicate. What is the most influential social media site worth? Perhaps all of the money in the world...
X is now state-sponsored media, not social media. it provides political echochamber for some portion of the population and nothing more than that any longer
Re: xAI has acquired X, xAI now valued at $80B
#474Earlier 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…
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.
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Re: xAI has acquired X, xAI now valued at $80B
#475So 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.
Welcome to very-late-stage capitalism. And if you can get the right people to believe in the arbitrarily large numbers you invented out of thin air you can get away with just about anything because the wealthy don't have any real consequences.
> very-late-stage
The cope is alive and well.
"aaaany time now it will all fall apart"
Re: xAI has acquired X, xAI now valued at $80B
#476Earlier 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.
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Re: xAI has acquired X, xAI now valued at $80B
#477Soon Tesla will buy xAI!
Re: xAI has acquired X, xAI now valued at $80B
#478Earlier quoted context omitted.
No, Tesla has their own seperate training supercomputer called Dojo that it optimized for computer vision. Its one of the top 20 supercomputers in the world by compute.
That’s all marketing. They have had lots of issues getting it put together and working, and is more akin to really really really self driving in 2018 we were told. BTW: find it: https://top500.org/lists/top500/list/2024/11/
Yes - it's really really close to FSD as you say ! Here is also a nice chart they published 2 years ago:
https://electrek.co/2023/06/21/tesla-dojo-supercomputer-is-f...
Definitely on the FSD timeline right now - they are maybe at 1% of what they announced they would be today. But hey, it's Optimus now !
Re: xAI has acquired X, xAI now valued at $80B
#479Earlier quoted context omitted.
Tesla bought Solar City for $2.6 billion, and now it looks like the Tesla Energy division had about that much in net income last year alone.
And how much of that is solar instead of Powerwall and Megapack? They don’t break it out in filings unless I missed it.
How many solar city customers have added powerwall/megapack...?
Even if its low for solar, it doesn't mean it was a bad deal. He acquired existing customers he could sell other products to.
Re: xAI has acquired X, xAI now valued at $80B
#480Earlier quoted context omitted.
No X shareholder in their right mind will object to getting a $45 billion valuation (including debt) when their latest valuations have the company at <$10 billion.
Those valuations are all bs though. They are hinged on traffic estimates and ad revenue. X is clearly worth a lot more than just it's revenue would indicate. What is the most influential social media site worth? Perhaps all of the money in the world...
X is worth whatever a state backed media is worth. If fascism in america succeeds, yeah, sure it's zillions of dollars.
But you'd have to be on the side of fascists to believe that.