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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

#961

Post by brandonagr2 »

therouwboat wrote: post #883
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…

We were supposed to have full self driving, sleep while it drives you car by 2019, not "the most popular car".

No, a self driving car can be either supervised or unsupervised.

I'm required to supervise my car while it drives me to work, but it is by definition fully self driving, controlling all aspects of the vehicle while I sit with hands off the wheel watching

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

#962

Post by Reason077 »

testing22321 wrote: post #831
cedws wrote: post #744

Earlier quoted context omitted.

And what happened to Tesla solar roofs? Haven’t heard about those since like 2020. Who actually has one? And Tesla trucks? And full self-driving? And robotaxis? And the private venture around the moon? It’s like everyone just forgets Musk’s announcements that never get delivered on.

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…

> "Private moon mission was canned"

The project was unilaterally cancelled by the client, Yusaku Maezawa, in May 2024. Starship development had fallen significantly behind the original SpaceX aspirational date for the flight in 2023, and Maezawa's net worth had also halved since venture was announced in 2018.

https://en.wikipedia.org/wiki/DearMoon_project

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

#963

Post by Sparyjerry »

uberdru wrote: post #784

Attorney and legal commentator Tristan Snell, via X: "Elon Musk's purchase of Twitter was financed by borrowing money. He used his Tesla stock as collateral. If Tesla stock keeps crashing, the banks/creditors could repossess Twitter."

Its literally impossible to get margin called when the TSLA stock used as collateral has only gone up since he bought it.

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

#965

Post by JakeAl »

retinaros wrote: post #719
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.

you might want to check who owns majority of FAANG stocks. once you identified those, check how much they own of each others. Musk is just doing what everyone else does

I'll do you one better. The Market Makers are Vanguard, Blackrock and State Street which are majority shareholders of 80% of the SP500. They control the price using swarms of HFT bots, most likely running Blackrock's Aladdin algo which they license. The largest shareholder of Blackrock, is Vanguard.

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

#966

Post by JakeAl »

maronato wrote: post #958
torginus wrote: post #818

How the hell does this work?? I have five dollars in a box, and I buy a different box, also known to have five dollars in it, for the $5 in the first one. Now, according to this logic, I have a portfolio worth $10, since I still have the original box, worth $5 and the new one, also worth $5. If I tried this at a gas station, I would be arrested if I got caught.

I think it’s more like: I have some paper that says I own 50% of a box T. People are willing to pay up to 10 cents to get 1% of that box T, so if I gave my paper to them, they’d give me $5. I want to buy another box X for $1, so I go to a bank and ask for $1. To make sure I pay, I give them a paper saying they can take 10% of my original box T if I don’t pay them back. I build another box A and people get excited. Th…

This is awesome. Now do stock options and every other derivative.

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

#967

Post by JakeAl »

footlose_3815 wrote: post #504

I see a parallel in him and Trump that they artificially inflate the value of the things they own and get frequently away with it because they're just rich.

All private companies do that. Ever heard of Virgin? It's Branson's MO. Create a company with a high public profile that's private. Hype it up and sell it based on the value of it's perception. Watch it go out of business years later or be sold to someone else buying it for the name/market share to pad their own numbers for their own reports. At the very least it ends up being good for a a tax write off by the new owner. This is how business works.

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

#968

Post by wraaath »

AtlasBarfed wrote: post #543
whats_a_quasar wrote: post #272

Earlier quoted context omitted.

As best I can tell the deal includes paying off $12 billion of Twitter debt. So that's real money, though that seems like it's basically all of the cash that xAI has raised, so if that's the case that's pretty wild. Edit: I misread, Musk said it's an all-stock deal, so you're right, it's all funny money. I think that means the combined entity is taking on that debt. It's still great for Twitter and bad for xAI invest…

I smell margin call desperation. Musk got visibly worried with tanking Tesla stock and pulled out some crazy stops to keep Tesla afloat. Remember, these megabillionaires are due to stock valuations, and live rich lifestyles on the basis of lending against the value of stock. If that value drops and a margin call forces actual selling, then Musk loses shares in Tesla. I have to think this stunt is related to Musk need…

I was thinking margin calls too: https://news.ycombinator.com/item?id=43423201#43425801

He had a sizable chunk of collateralized borrowings against his Tesla shares even before the Twitter acquisition. There was the risk of a margin call during year following the acquisition, but AI became the latest hotness so he was able to spin up a company to cook up some more market bubble.

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

#969

Post by nemothekid »

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.

AFAIK a retrofit from AI3 to AI4 isn't possible.

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

#970

Post by tchock23 »

laughingcurve wrote: post #949
pavlov wrote: post #896

Earlier quoted context omitted.

Today it’s primarily porn site where you can also discuss sports and post Nazi memes while getting flooded with crypto scams. There’s also a dwindling number of Silicon Valley influencers who still maintain the old pretense that it’s a globally important news forum and a place for serious people to interact. They’re an island in a rising sea of shit.

I’m genuinely hoping there’s something that pushes the AI/ML academic community off the site but until that happens it’s one of the better places to discover info

Yeah, I’ve been pretty disappointed to see the indie hacker community mostly remain there. Not sure what event would finally trigger the exodus at this point.
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