Supply: Anna Barclay / Getty / Elon Musk / X
Elon Musk’s time as proprietor of X, previously Twitter, is reportedly over, however earlier than you rejoice, it feels like his slimy tentacles will nonetheless be everywhere in the platform.
Noticed on the New York Instances, Elon Musk claims he bought X to xAI, the unreal intelligence startup the Tesla chief based in 2023. Sure, if you happen to’re questioning if there are potential conflicts of curiosity, you’re not far off in your pondering.
In response to the web site, it’s an all-stock deal, with xAI valued at $80 billion and the mess that’s X price $30 billion. That is $14 billion cheaper than when Phony Stark reluctantly acquired the platform, then referred to as Twitter, for $44 billion in 2022.
“XAI and X’s futures are intertwined. As we speak, we formally take the step to mix the information, fashions, compute, distribution and expertise,” Musk wrote in his submit on X. “The mixed firm will ship smarter, extra significant experiences to billions of individuals whereas staying true to our core mission of in search of reality and advancing information.”
Each corporations share assets. xAI’s intelligence fashions are educated based mostly on the information it gathers from posts from X customers. The businesses additionally share engineers and the chatbot Grok.
Social Media Thinks Elon Musk Is Cash Laundering
Social media has been very skeptical of this proposed deal. “He bought Twitter/X to himself. That is clearly cash laundering in 4K,” one consumer wrote on X.
One other submit learn, “how do you promote your individual firm to your individual firm.”
“We are able to inform he’s bored as a result of how do you promote your shit to your self??” stated one other submit.
Yeah, this deal is sketchy. We will see the way it continues to play out. Till then, you’ll be able to see extra reactions within the gallery beneath.
