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submitted 3 days ago by cyrano@lemmy.dbzer0.com to c/technology@lemmy.world

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[–] thatKamGuy@sh.itjust.works 35 points 3 days ago (2 children)

He’s already sold Twitter/X to xAI; he’s got his arse covered when the bottom eventually falls out.

[–] primemagnus@lemmy.ca 19 points 3 days ago

That raised some eyebrows. Not sure it’ll hold just yet. Still. His world is getting smaller.

[–] rebelsimile@sh.itjust.works 13 points 3 days ago (1 children)

Good thing AI can’t fail.

[–] thatKamGuy@sh.itjust.works 22 points 3 days ago (1 children)

Oh, no doubt - but he’s no longer personally on the hook for Twitter’s $44b debt-loan!

So when it eventually fails, it’ll be a corporate write-off and Elon’s wealth across Tesla and SpaceX are protected.

[–] sem@lemmy.blahaj.zone 13 points 3 days ago (1 children)

Wait is that what happened? Investors in his AI company are on the hook for Twitter now?

The rich really are a vampiric class.

[–] thatKamGuy@sh.itjust.works 12 points 3 days ago

For what it’s worth, xAI is still a private company - so at least it’s not retail investors on the hook, just venture capital.