Silicon Valley Daily

This was already de facto the case with X shareholders owning 25% of xAI (in addition to having largely the same core group of investors in both companies).

Simplifies the revenue story and makes it easier to handle the debt if the story is frontier AI model with subscriptions and a social network attached.

Goal is to to shift the comp to OpenAI instead of Meta.

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). 

Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at

Elon Musk

This was already de facto the case with X shareholders owning 25% of xAI (in addition to having largely the same core group of investors in both companies).

Simplifies the revenue story and makes it easier to handle the debt if the story is frontier AI model with subscriptions and a social network attached.

Goal is to to shift the comp to OpenAI instead of Meta.

https://x.com/elonmusk/status/1905731750275510312?s=46

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Do you think xAI shareholders realized the price of the data feed was paying full freight inclusive of debt on a struggling biz?

Making DeFi accessible to everyone - building @starta | /9to5dotmeme on the side FID 675

yes / it doesn't matter?

all of the xAI shareholders are close business relationships of elon

they are buying into a blended portfolio of all future opportunities

> there were definitely some SPVs spun up just for xAI exposure

that's the issue for the SPV promoter, not Elon

if you're in an SPV, your rights are waived for the SPV owner

Hmm might be true of core shareholders but there were definitely some SPVs spun up just for xAI exposure. One of the selling points was potential access to X and Tesla data but I guess nobody ever said it was free 😂