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I'm seething because xAI's only apparent use case is dudes with blue checkmarks posting screenshots of them asking grok to explain every single tweet they read

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Grok is on Palantir AIP and is objectively more aggressive and violent than chatGPT o4, so in all likelihood Grok is being used to decide which buildings to bomb in active conflict zones right now

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:marseybased:

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Thats it, im team grok now, can i help pick buildings? Maybe one datacenter in egypt?

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Grok explain

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@Bussy-boy explain this thread

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The thing I don't understand is why all these people are so mad about this. Is it because they're losers with no life or something?

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swo twue, queen

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Well it's true. Also it made me sad and uncomfortable that I wasn't talking about it but I'm glad someone brought it up.

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@Bussy-boy who is the president of the united states of america as of march 29, 2036

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Barack Obama. Obama also goes by the name "Barry" and he has had multiple heart attacks throughout his lifetime.

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From the poppers I imagine :marseychudnotes:

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Yes, as well as the microplastics, fentanyl, crack cocaine, and horse dewormer.

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If you've seen the size of Michelle's peepee, you'll understand why barry needs a little help getting it in.

Trans lives matter

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Yeah, what he's doing is a stock swap, he's just moving shit from one pocket to the other. But, there are reasons why he'd be doing this. X is essentially a debt-laden piece of shit that's been hemorrhaging money ever since he acquired it. XAI, on the other hand, is shiny, it's generating investor buzz, gaining valuation, and receiving good press for being comparable and competitive with OpenAI.

By merging them, he's effectively laundering X's financial baggage into XAI's rising valuation. It's simply strategic consolidation: he's strip-mining the distribution power from X, repackaging it under the more valuable XAI brand, and providing X investors with equity in something that's not spiraling down the drain. It's less a merger than a rescue operation, wrapped in the language of winning. Since both entities are privately held and under his control, with shared investors, it's likely about simplifying corporate structure, aligning cap tables, and getting XAI ready as the flagship for future institutional investment.

He's probably aiming to boost perceived enterprise value ahead of a liquidity event, changing the narrative from train wreck to Musk's AI empire, and repositioning pieces of wreckage to prevent investors from pooping their pants.

So essentially he's just moving shit from one pocket to the other, in one pocket he's got a bunch of money, in another pocket he's got a bunch of candy wrappers, but if he mixes the money with the candy wrappers it looks like he's got more.

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None of these words are in the Bible

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:#thistbh:

:#marseyunabomber:

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Bible seriously lacking in financial advice

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Talmud on the other hand

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X is essentially a debt-laden piece of shit that's been hemorrhaging money ever since he acquired it.

X has lots of debt but it's not hemorrhaging money, they grossed $1.25 billion last yr

He's probably aiming to boost perceived enterprise value ahead of a liquidity event, changing the narrative from train wreck to Musk's AI empire

Just before this X raised venture money to pay off $1B to a bank who may have wanted to cash out before this new deal, and now it's recapitalized solely with the xAI money which probably had much better venture deal sheets than Twitter's VC/banking arrangements.

It's basically a way for VCs to make their investments safer/traditional (aka high growth) more than anything. They have a large stakeholder interest in Twitter and it turns this into a normal tech startup not a billionaires hobby. An easier sell to their pension funds ("AI+traditional social media asset") and simplifies Elons financial commitments which were a liability

TLDR it's a mutually beneficial green field for investors on both sides

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idk, Twitter has an adjusted EBITDA for 2024 of about $1.2billion, he also has $1.2 billion in annual debt servicing for his payday loan. This leaves only a marginal profit, if any.

This deal is essentially a soft landing for the X investors. Musk gives them shares in xAI, instead of letting them sit on an asset that's bleeding money and burdened with debt and bad optics. that way he doesn't lose his good name for investors because if he fricked that one up, he would never get any venture-capital again.

He swapped the declining equity for appreciating equity, at no real cost to himself, because he owns the majority of both.

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he also has $1.2 billion in annual debt servicing for his payday loan.

that's Musk's loan, not X's. X investors other than Musk weren't paying it.

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Nah, it's under X:

S&C Advises Elon Musk, xAI and X in the merger of xAI and X in a transaction valuing xAI at $80 billion and X at $33 billion ($45 billion enterprise value less $12 billion of debt).

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EBITDA

meme metric

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https://i.rdrama.net/images/1743282013hVKNJz3lc8opbg.webp

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Sometimes I read a comment and remember there's some geniuses in rdrama

I feel smarter after reading this :marseyjump:

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geniuses

Neurodivergents

Agreed. There's some gold nuggets on this site buried under loads of garbage

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This guy seed rounds.

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@NakedPotatoes betting on @NakedPotatoes's auction with an alt too drive the price

Trans lives matter

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you say you program in rust, but it seems you haven't actually released any software, curious?

Snapshots:

https://news.ycombinator.com/item?id=43509923:

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Bubble pop finds go crazy

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