I keep wondering what Elon wanted with all of our information from the government. He has who we are, our relatives, our net worth, where we live and have lived. Now he's probably going to feed it into his AI. Why though?
this post was submitted on 29 Mar 2025
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Behavioral predictions. Squash any dissent before it starts. Welcome to the world of precrime.
Because this way he gets the AI with data that OpenAI couldn't get, and now likely won't get until foreign spies steal it from DOGE and sell it to them.
Eh. You just need to wait till you get added to signal
So what is he planning on doing? Make the worlds most corrupt porn Ai service? Or an AI political drama machine?
I saw someone mention how It's because he's getting sued over on x and he's trying to do shady shit like always
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$33 billion, 3/4 what it was valued in 2022 when he bought it.
Honestly I'm surprised it's still worth that much. (or rather, that's he's succeeded in claiming it's worth that much).
xAI has raised maybe $12B from investors. And, supposedly, makes $100M/yr.
The valuations are absurd.
"Makes" by selling what exactly?
Also, thats an insane valuation based on earnings. 120x
Subscriptions and licensing, supposedly.
$12B is just how much money investors put into it. The company’s valuation is $80B. Which is insane.
It dropped a lot lower than that but spiked back up once he became the leader of America
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I’m surprised the Twitter investors would approve this. Their worthless Twitter stock is now worthless xAI stock. How does that help them?
I guess they’ll try to take xAI public with a massively overpriced IPO.
I am more surprised xAI investors approved. Especially for such a high price.
Twitter actually imo had (and still has) quite a bit of value, but that is only to further Elons ideological goals. As a business it is on a downward trend and was never a cash cow to begin with. Comparatively little room for speculation. It's a stagnating or declining business and doesn't generate large profits if any.
xAI on the other hand is pretty much in the same spot as most other ai companies. It has yet to prove to be a highly profitable business, but there is plenty of room for speculation. So as long as the bubble doesn't burst, it has a high valuation.
Which is all that would matter for any Twitter investor that wants to unload his shares. Although I doubt it would be via ipo, but rather in private funding rounds.
The whole point of buying Twitter was to take it private. IPO for xAI would hilariously undo that.
The point was to win an election.
Xitter investors got scammed and there was no way that xitter would be able to pay 1 billion per year in interest. Better having someone else holding the bag
Phew. Just in time to avoid fraud charges on the loan.
Since it’s a money hole just like all of the other “AI” companies, who’s funding xAI and what are they getting out of being a slush fund for musk?
xAI's Partners:
A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital, among others.
So Saudi's etc now officially own Twitter.
They owned it ever since Elon bought it, why do you think Elon was hanging out at the soccer world cup with Kushner and a bunch of high profile Saudi royals shortly before the purchase. They're backers.
He just announced four days ago that they're going to launch Tesla dealerships and have a big launch party April 10th in Saudi for the first time ever. Not because SA need or want them (they buy very few EVs as their domestic petrol prices are very cheap), but because they're stepping up to help his company during its current global dire sales downturn.
They've been close allies with Elon for a long time.
So... computer programs can now own property. Interesting. Is this the first step in giving computers the vote?
AI dystopia