Musk Startup xAI Acquires X for $33 Billion

Billionaire Elon Musk said his xAI artificial intelligence startup has acquired the X platform for $33 billion. The X value is $45 billion when including $12 billion of debt, Musk said. Max Chafkin has more on "Balance of Power."

[magnum-kjip]

Twitter has never been worth this amount before or after the sale

[Lucasolvalou]

Buys for $44 billion, sells to himself for $33 billion?

Yeah, that tracks.

[cheeks_out]

an ai trained on the ramblings of the people on X is going to be a vile robot 🤣

[nairobi]

I've decided to purchase "MY" $10 Galaxy phone for $50... Thanks, Nairobi, you are welcome, Nairobi😊

[angelaparente]

I say, go to Mars and stay there, and leave us in peace and love for humankind and earthlings

[DRC-zu]

Its a tax loss refund of 11 billion that the us citizens with have to pay up to this horrible human

[lastChang]

Musk acquires Musk? It looks like a self pleasure to me. LoL
Elon Musk needs to register as a *foreign agent* (FARA) for the work he performs at the behest of Chinese 🇨🇳 government:
- He helped China to export forced labor, made in China electric cars to other countries.
- He took American technologies to China and sold them.
- He complained all the time, but always praised the Chinese regime.
- He advocated for AI slowdown so that China could catch up.
*- He went out of his way to support a Chinese-bankrolled AfD leader in German election.*
- He blocked his Starshield satelite service in Taiwan.
- He repeated Chinese Lies Of The Century about independent Taiwan country as a "province of China."

[johnparkhill]

In what way is this not seen as a failure. He was trying to raise for it just a few weeks ago...

[domfel]

how stupid can you be not to see it is a scam of epic proportions

[Lelffy]

The AI will take everyone’s personal information and then strategize how best to feed them I formation that will impact their behavior. I hope people abandon the X platform altogether.

[z]

Due to the reach of X it was being primed from day 1 to integrate into one of his big companies. It was a brilliant and strategic move when he bought it and well thought out if any understand the true scope of all his companies and where this is going in 1-3 years. I suspect that many are as surprised as the day they found out Biden was never really competent the last 3-4 years and not really running the show. Most companies are going to stay private from now on as as Musk, his investors, and all the big banks realize the short term thinking of the public markets screws up good companies. Investors are begging and in a waiting list to get into SpaceX. Which one of his companies makes him a trillionaire first?

[georgehernandez]

So in other words, the AI can fire X employees because the AI can run X by itself.

[BlueJazzBoyNZ]

Looks like a Tax con.... all the Ding Don Day

[Exiztential]

xAI is light-years behind the competition. What can Grok offer that a competitor can't? Nothing, there's no reason to use it.

[wesignal]

xAI needs data. Musk needs its valuation to go higher. One hand washes the other.

[warpdriveby]

A "start up" just bought it's parent company from the owner(s) of both for a convenient number, yeah this isn't strange or illegal without 9figure bribes?

[boringstuff]

how are they supposed to monetize this?

[anngrubbs]

If this is TRUE, I hope they ban him from using either one.

[js-at]

Cool but can Satan take his son back? We're pretty sick of him here.

[louisebean]

Elon Musk is off his brain, with drugs! 😂😂😂