xAI has acquired X, xAI now valued at $80B • Hacker News Board

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

#901

Post by LightBug1 » Sat, Mar 29, 2025, 4:58 PM UTC

WalterBright wrote: post #881

testing22321 wrote: post #831

Earlier quoted context omitted.

Solar roof installs are continuing to grow. Slower than they hoped, but growing. The semi factory will be finished late this year. FSD gets better each month. Obviously there is massive debate if it will be “done” in 1, 2, 5, 10 or never years Robotaxis were announced recently, the plan as announced is for them to be sold in 2026. That has not changed. Looks like they’ll have some kind of driverless taxi service runn…

> Obviously he’s utterly nuts He takes risks very few others are willing to do, but he is not nuts by any reasonable definition.

You're right. Not nuts. Utterly nuts. By any reasonable definition.

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

#902

Post by pests » Sat, Mar 29, 2025, 5:01 PM UTC

saltysalt wrote: post #208

fzzzy wrote: post #193

Earlier quoted context omitted.

Not really, Facebook (Meta, whatever) has been an ai company for a long time.

Their social network is not owned by a private AI company.

xAI is not a private company.

The AI company is public, but he social network was private.

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

#903

Post by LightBug1 » Sat, Mar 29, 2025, 5:03 PM UTC

kacesensitive wrote: post #622

fastball wrote: post #608

Earlier quoted context omitted.

Isn't X more profitable than Twitter was?

Yeah it is more profitable but revenues are way down. In 2021, the last full year before Musk's acquisition, Twitter generated $5.08 billion in revenue. Under Musk's ownership, X's revenue has declined significantly. In 2024, X reported $2.7 billion in revenue, which is nearly half of its pre-acquisition level. For 2025, global ad revenue is projected to grow to $2.26 billion, marking its first annual increase since…

Lol, who did the adjusting!? ... Good old "adjusted EBITDA".

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

#904

Post by lukevp » Sat, Mar 29, 2025, 5:03 PM UTC

geertj wrote: post #862

jeff_carr wrote: post #810

Earlier quoted context omitted.

> This whole thing seems like a big pyramid scheme. That's because his scam of charging $8k over the price of a Tesla for "self driving" was complete vaporware. It never worked and it never was going to work. I am disappointed I fell for it. There should be a class action lawsuit against TESLA for everyone that purchased the $8k self driving "feature". We were all told it was "being rolled out". It was a total lie.

You must not have tried FSD 13.x with AI4 hardware. I commute to work every day from the suburbs to the city with a ~25 min one-way commute with zero disengagements. Edit: Elon mentioned in the last earnings call that if you are on AI3 hardware and bought FSD that they will have to upgrade you free of charge to AI4. Edit 2: To clarify, FSD 13.x is only available with AI4 hardware.

They started selling FSD back in like 2017 and it was supposed to be self-driving ALL THE TIME by 2019. It’s 8 years later now and the best you’ve got is “upgrade the hardware to version 4 and you can make a 25 mile commute without disengagement” when Tesla was promising cross-continent summoning so you could fly somewhere and your car would drive there to meet you, charging along the way. That’s L5 autonomy. The delta between promised and delivered is so far apart it’s ridiculous. Mercedes’ autonomous system is the only L3 even, Tesla’s is L2. They by my definition did not deliver whatsoever on their promises.

Another thing is a lot of people don’t even keep cars longer than 8 years (and people who are buying new, $100k electric cars are more likely going to upgrade sooner than someone who’s buying a $30k civic.) they paid for FSD thinking it would be ready soon.

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

#905

Post by IncreasePosts » Sat, Mar 29, 2025, 5:07 PM UTC

Hasnep wrote: post #900

IncreasePosts wrote: post #895

Earlier quoted context omitted.

To put it in perspective, over the past 6 months TSLA has performed as well as META and much better than GOOG and MSFT.

That's true, and in the last two months it's done worse than all of those put together!

Yes I guess if you bought TSLA two months ago you're hurting. If you bought it 6 months ago you're doing better than the S&P 500.

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

#906

Post by wesapien » Sat, Mar 29, 2025, 5:07 PM UTC

fastball wrote: post #614

timewizard wrote: post #584

Earlier quoted context omitted.

The government spends 1 out every 5 dollars of GDP. It probably does need a better mechanism for managing costs and outlays. Having one of the "richest men in the world" be in charge of it is ridiculous. That's Trump for you. Populism up front, oligarchy in the back.

Not sure that tracks. Oligarchy is generally how people who don't deserve wealth can get it. As pointed out by you, that doesn't exactly apply to the world's (already) richest man. And who exactly would you look for to help the federal government build "a better mechanism for managing costs and outlays", if not someone who has built multiple successful businesses (managing costs and outlays at impressive scale) in ve…

Peter Urchin says it is a plutocracy particular with the patch called Citizens United

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

#907

Post by iamtheworstdev » Sat, Mar 29, 2025, 5:08 PM UTC

geertj wrote: post #862

jeff_carr wrote: post #810

Earlier quoted context omitted.

> This whole thing seems like a big pyramid scheme. That's because his scam of charging $8k over the price of a Tesla for "self driving" was complete vaporware. It never worked and it never was going to work. I am disappointed I fell for it. There should be a class action lawsuit against TESLA for everyone that purchased the $8k self driving "feature". We were all told it was "being rolled out". It was a total lie.

You must not have tried FSD 13.x with AI4 hardware. I commute to work every day from the suburbs to the city with a ~25 min one-way commute with zero disengagements. Edit: Elon mentioned in the last earnings call that if you are on AI3 hardware and bought FSD that they will have to upgrade you free of charge to AI4. Edit 2: To clarify, FSD 13.x is only available with AI4 hardware.

> Edit: Elon mentioned in the last earnings call that if you are on AI3 hardware and bought FSD that they will have to upgrade you free of charge to AI4.

Unfortunately, that's because they were sued in court and lost when they tried to force people to buy the upgraded hardware in the past. Not because they stand behind their products.

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

#908

Post by brookst » Sat, Mar 29, 2025, 5:15 PM UTC

WalterBright wrote: post #881

testing22321 wrote: post #831

Earlier quoted context omitted.

Solar roof installs are continuing to grow. Slower than they hoped, but growing. The semi factory will be finished late this year. FSD gets better each month. Obviously there is massive debate if it will be “done” in 1, 2, 5, 10 or never years Robotaxis were announced recently, the plan as announced is for them to be sold in 2026. That has not changed. Looks like they’ll have some kind of driverless taxi service runn…

> Obviously he’s utterly nuts He takes risks very few others are willing to do, but he is not nuts by any reasonable definition.

How many children with how many women? How many disowned? False accusations of pedophilia against people he doesn’t know? Free speech absolutist who gleefully bans speech? Corporate acquirer who accidentally fires key people, and then makes the exact same mistake as a coup leader?

He is batshit. He is also smart and has accomplished some impressive things. The two are not incompatible.

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

#909

Post by [deleted] » Sat, Mar 29, 2025, 5:17 PM UTC

osmsucks wrote: post #390

legendofbrando wrote: post #301

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $1T. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

Was this announced at an all hands?

[deleted]

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

#910

Post by nprateem » Sat, Mar 29, 2025, 5:18 PM UTC

crackrook wrote: post #863

nprateem wrote: post #710

Earlier quoted context omitted.

If you don't believe he'll find a way to get a third term like every other dictator, you're living in a fantasy.

Do you truly believe this will happen? I know these are crazy times but the idea of a then-82 year old man realizing a third term for himself seems a little absurd to me. Or do you mean this in a less literal sense, e.g. in the sense that he'll get a figurative "third term" by handing the reigns over to someone in his club without a fair election?

No I mean literally. Or he'll do what putin did and find a puppet to take the reigns for a term.

He knows without presidential immunity he risks prison. And he has previous for trying to steal an election.

I have no doubt he'll see to it that he never faces the risk of prison, and this is the most obvious way to go. That and he's clearly a power hungry megalomaniac.

I think it'd be more informative to ask why he wouldn't try to get this.