This might have the opposite effect he wants, xAI investors no longer have a clean AI investment and are now linked to a failing social media platform.
xAI is already losing bigtime vs other AI companies, this just makes it even less attractive.
this post was submitted on 29 Mar 2025
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Well, not really. Twitter was his own private property that he bought with borrowed money secured against his Tesla shares. xAI on the other hand is financed by investors whose money he used to bail himself out at a price he made up himself since Twitter is no longer publicly traded. So this is, in my opinion, misuse of investor funds; the picture would be true if xAI used how own money to do this, but no.
On one hand,I think this is serious fraud. On the other, my understanding for anyone investing into his companies is very limited, there are so many red flags on so many levels.
To understand Musk/Trump investors, imagine the investment to be an NFT.
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His juvenile enthusiasm for the letter X is so ten-year-old boy with sunglasses.
“X” is also 88 in ASCII. 88 is a Nazi reference to “heil hitler”. Big surprise.
I did not know these things, but makes sense…
Who did that‽ It's so beautiful, it should be posted all over Xitter lol
Just confirming Xitter is pronounced “shitter” right?
That's how I've been pronouncing it in my head when I read it.
I still say "Twitter" though because that and the gulf of Mexico are the only things I feel are okay to deadname.
Until the Gulf of Mexico becomes sentient and tells me it prefers to be called the Gulf of America, I will continue to call it what the rest of the world calls it.
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I made this one. Thanks for the compliment! 😅
Edit: btw proudly made in GIMP!!
He called the tesla models S3XY, and the 3 is only because Ford was gonna sue him if he used E.
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using AI hype to finance X loans?
Correct.
It's actually a smart move.
The dumb money are those pouring hundreds of billions into the AI hype. This is .com bubble on steroids.
And sure, AI obviously is becoming an important market, but it will not be the current leaders who will dominate the tech. Like the internet, it's just too easy to catch up for competitors. Pouring $100B into AI today will only mean you lose out to the $1B startup in 2 years. The incumbents will go broke.
The incumbents will go broke.
Can't wait! Gonna stock up on some popcorn lmao
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Is this so the loans secured with X stock can't be called in, forcing Elon to sell the collateral to pay back the loan?
Sure seems like a bullshit business move to retain control of Tesla.
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So the bullshit machinery is now AI driven bullshit machinery. What if AI finds it too vile and deletes itself.
They doubtfully are giving it root access to self-delete.
I mean, with an Elon company who knows.
You think Elon actually does anything besides sign the check?
So far I’ve seen/heard Elon:
- Start shitty arguments
- Be a fascist
- Fire people they probably needed
- Cut funding or drop useful projects
- Spew senseless, poorly thought out catch phases
- Censor people that were right but didn’t align with his narrative
- Take credit for other people’s work
- Pass the blame for failures
Have yet to see him sign a check… it’s why they lost their boulder office, for instance.
He’s an egotist and a man child, while also being the richest man in the world. All he has to do is say he wants something and people have to do it. He doesn’t have to “do” anything to be fully influencing what happens. Look at Twitter, look at the federal government. Sycophants surround these assholes and basically have to bend the knee and do what they say. When capital equals power, this is what happens. Just like when blood line meant power, the kings didn’t “do” anything. But the people who took their orders from them did.
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So hell get taxed for exchange of speculative assets right?... Right?!
No because it's a loss, so he'll actually get 10bln in tax credit
Very likely this will turn out to be a broken and bugged version of skynet, trained on X toxicity and the mental aptitude of a 12 year old.
It will proceed to try to enslave humanity, then try to kill us all but accidentally spend all its money on gender affirming care, then start to self hate and destroy itsself.
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The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt)
Lol, he actually think the value of Shitter is still $45B, as when he bought it. That's cute.
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Musk's slight of hand shell game to keep from losing his shirt if his Tesla stock keeps dropping and his X financiers come looking for money.
For reference, he bought it for $44B.
https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
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Are the authorities aware? It's very illegal to sell exctacy in the US.
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?
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.
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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).
He paid it to himself. The value is completely made up.
You have to remember that he wasn't alone in purchasing twitter. He brought others along with him. Now that value of twitter has gone down the tube, I'm sure he's got a ton of unhappy investors on his hand screaming at every quarter's results. He's trying to recoup what they paid for by giving them shares in AI company. And in turn artificially raise the value of the AI company privately as well. It establishes a benchmark for AI company's valuation for later private investors into that company.
xAI has raised maybe $12B from investors. And, supposedly, makes $100M/yr.
The valuations are absurd.
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