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..and 3 years later has a combined valuation with xAI of $113B. Those waiting for X to collapse are going to wait a lot longer than the original 6 months that

by rvz 1y ago

..and 3 years later has a combined valuation with xAI of $113B. Those waiting for X to collapse are going to wait a lot longer than the original 6 months that it was predicted to collapse after the November 2022 takeover.

djeastm 1y ago
>..and 3 years later has a combined valuation with xAI of $113B. This might be like Stacey King, a Chicago Bulls player, jokingly claiming he and Michael Jordan "combined to score 70 points" on a night when Jordan scored 69 points
- shortrounddev2 1y ago
  "Dinesh, don't fall for his “aw, shucks" routine. He is a shrewd businessman, and together, we have over $20,036,000 at our disposal"
- nailer 1y ago
  But Twitter/X owns that training data. Tesla (or whatever else you’re trying to say is Stacey King) does not.
CyberMacGyver 1y ago
xAI tried to raise $20 billion in equity in April but wound up with only $5 billion & had to issue $5 billion in junk bonds last week. You can value yourself $44 billion but the market doesn’t think it’s anywhere close
matwood 1y ago
> ..and 3 years later has a combined valuation with xAI of $113B. Haha...ok. I gave a bunch of stock from one of my companies to another one of my companies and made up a value during the transaction.
moomin 1y ago
To misquote an adage: Elon Musk can stay irrational longer than I can stay solvent.
- Applejinx 1y ago
  Does it count as irrational if he can get a puppet President elected, have his child mock that person publically while he's present, and repeatedly urge the trusted AI authority he presents for people's use into opinionizing on Boers and Mecha-Hitler? It sounds like he is getting exactly what he wants. That's the most rational thing about him in what's otherwise a storm of ketamine. I think all the other stuff he thinks is flat-out insane, but exploiting X and pushing it as hard as he can, that's about as rational and effective as Elon ever gets.
stephen_g 1y ago
I will admit that I was surprised and agree it was a clever move to extend his runway, but it relies on xAI being able to make huge amounts of profit eventually. Twitter/X’s brand value has declined so much and xAI has such a ridiculous cash burn and it really looks to me like he’s just delayed the inevitable by a bit by combining them…

by rvz 1y ago

djeastm 1y ago

>..and 3 years later has a combined valuation with xAI of $113B. This might be like Stacey King, a Chicago Bulls player, jokingly claiming he and Michael Jordan "combined to score 70 points" on a night when Jordan scored 69 points

shortrounddev2 1y ago
"Dinesh, don't fall for his “aw, shucks" routine. He is a shrewd businessman, and together, we have over $20,036,000 at our disposal"
nailer 1y ago
But Twitter/X owns that training data. Tesla (or whatever else you’re trying to say is Stacey King) does not.

CyberMacGyver 1y ago

xAI tried to raise $20 billion in equity in April but wound up with only $5 billion & had to issue $5 billion in junk bonds last week. You can value yourself $44 billion but the market doesn’t think it’s anywhere close

matwood 1y ago

> ..and 3 years later has a combined valuation with xAI of $113B. Haha...ok. I gave a bunch of stock from one of my companies to another one of my companies and made up a value during the transaction.

moomin 1y ago

To misquote an adage: Elon Musk can stay irrational longer than I can stay solvent.

Applejinx 1y ago
Does it count as irrational if he can get a puppet President elected, have his child mock that person publically while he's present, and repeatedly urge the trusted AI authority he presents for people's use into opinionizing on Boers and Mecha-Hitler? It sounds like he is getting exactly what he wants. That's the most rational thing about him in what's otherwise a storm of ketamine. I think all the other stuff he thinks is flat-out insane, but exploiting X and pushing it as hard as he can, that's about as rational and effective as Elon ever gets.

stephen_g 1y ago

I will admit that I was surprised and agree it was a clever move to extend his runway, but it relies on xAI being able to make huge amounts of profit eventually. Twitter/X’s brand value has declined so much and xAI has such a ridiculous cash burn and it really looks to me like he’s just delayed the inevitable by a bit by combining them…