Summary
Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.
Musk stated the merger will combine AI expertise with X’s broad reach.
xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.
Thats a $11B writeoff btw
He can’t even justify to himself that Twitter is worth the $44 billion he (and investors) paid for it.
And you’d think a self-perceived business genius would be able to significantly increase the value of said purchase, not lose billions.
he used twitter to get to help get trump elected, netting him much more than the purchase price.
Idk man, he’s lost like $200billion dollars or something since the inauguration. Is more unpopular than ever to the point that his car company’s sales are crashing by >50% in some markets.
Maybe he’s just an idiot clown in an clown idiot system.
Tilted.
Two companies no one wanted now one company no one wants.
Company worthless? Sell it to yourself for a ludicrous cost to increase your market value!
You mad, wage slaves?
Then immediately borrow real money against the paper value of your new merger company. Pocket a few billion and use some to bribe the feds to not audit you.
It’s crime all the way down.
No need for a bribe. Just fire all the financial investigators.
How is this even legal. Fuck
Because money.
“I will make it legal…”
—Senator Palpatine
Because DOGE controls the SEC.
This is blatant, naked plutocratic klepocracy.
A true dream come true! Just what everyone has been begging to happen.
So… fraud.
His company has bought his company? That doesn’t sound right even in USA.
He added that the merger would, “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach."
He already owns and runs Xitter as a propaganda tool. Now he’s openly mixing it with his own bots.
Does anyone else get a really bad feeling about this? I see a lot of comments talking about this financially, but I haven’t seen any comments talking about the disinformation potential that comes with artificially seeding a social media site with his own AI bots. Granted, Grok’s responses have been based (so far), but that’s not guaranteed to last.
I don’t know exactly what the game plan is here, but the pieces are all laid out for Musk to spread his influence behind AI anonymity. That worries me.
Honestly it’s probably to mess with the valuation. It’s propped up partially by Tesla shares iirc.
No, I’m not getting a really bad feeling about it, any more than I get a bad feeling about the other right-wing social media sites. If they want their own little echo chamber because they don’t feel safe on ones they don’t control, then great. It gets them off of social media the rest of us use.
As for it reinforcing their bad behavior, that’s going to happen no matter what. These people want to be hateful little shits, and no amount of hand-wringing about misinformation is gonna change that. If Elon wasn’t a nazi, they would just go search out something controlled by somebody who was.
Separate the labor force from communications. Allow hateful and xenophobic rhetoeric to form separation and infighting. Infighting is unproductive use of free time.
While it effectively does nothing, it also reinforces ones own beliefs. Essentially an internet echo chamber without the guise of individualism. It keeps people looking to their family purely for love, growth, and gauging of decisions. However, growth has stopped there for folks.
It becomes easier to look outwardly for approval for your actions, rather than inwardly for motive of said acts.
valuing xAI at $80 billion and X at $33 billion
while he simultaneously claims AI is less than a decade away from eradicating all humans. how very philanthropist of him.
I think he made an attempt to force regulation on it, with the purpose of delaying development so he could catch up, because he is way way behind.
I hope I make it out alive of the scam economy. This mother sucker gets away with murder and I have dodge scammers left and right bcz there is no justice or rule of law.
The other day i said something along the lines of the economy having a valuation problem and i was assured that that’s inaccurate and only the stock market has a valuation problem. So the economy is fine.
/s
He is struggling. Keep it going folks. Let’s send this mofo back to South Africa. Not sure if they even want him.
I guess we can all settle with a dog cage in Guantanamo then
We don’t. Our Government pretty much hates the guy.
Can you agree to take him then rescind the offer when he’s in the middle of the Atlantic, and we both lock our doors and pretend not to hear him knocking?
“Hmmm…I think it’s worth seventyhundrillion…yeah that sounds right…seventyhundrillion”.
The only Illigal thing in murica now is being poor
And protesting against Israel.
