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.
Hmm…
Manipulating stocks between companies you own for fun and profit…
Sounds pretty Ferengi to me.
And no accountings shall be held…
🙄 🤡 🤦♀️ 🖕
Bimbo AG Blondie: looks good to me! Nothing illegal.
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?
valuing xAI at $80 billion and X at $33 billion
I was also today years old when I read a headline about DOGE heading into the SEC.
Weird.
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 wasn’t sure if they were talking about one of his children when they said xAI
Pronounced ‘barbara’
Neither of those valuations are supported by reality.
This is just oligarchs moving their chess pieces around. Expect nothing to come of it. Expect elon to face zero consequences.
It shouldn’t be hard. If you accept the existence of billionaires you accept that some people shouldn’t ever face consequences and be rewarded for toxic behavior.
Musk stated the merger will combine AI expertise with X’s broad reach.
Ah yes, the famous combining two losing strategies, so they can lose money twice as efficiently.
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
xAI is 80 billion? That’s a load of shit.
I used to think it was a straight market manipulation to short the market, coupled with a crypto scam.
Here’s my latest prediction for the next step: as well as being a geopolitical tool, I think they plan to use Trump’s tariffs as a way to funnel more tax revenue into US Government to be directly laundered for themselves personally. The reduced order volume doesn’t matter to them because 25%, 50%, 100% or whatever tariff they charge goods and services will go straight to the US government to be compliantly fed into Musk’s ever-expanding business interests via government contracts. Some of those in the loop get vested stock options and get to run away with exponentially more money than they would without tariffs. Musk has already paid his dues so probably thinks they owe him.
They already tried to alter an agreement for 480,000 contract to Tesla for armed cybertrucks to be 480,000,000 and backdated it to look like it was agreed by Biden last year.
I expect to see a multi-billion AI contract awarded solely to xAI in the near future.
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
The only Illigal thing in murica now is being poor
And protesting against Israel.
“Hmmm…I think it’s worth seventyhundrillion…yeah that sounds right…seventyhundrillion”.
