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

all-stock…this has big time 2008 sub prime mortgage style risk written all over it to me but what do I know…seems like risk on top of risk on top of risk…I’m sure it will all be fine