So... computer programs can now own property. Interesting. Is this the first step in giving computers the vote?
this post was submitted on 29 Mar 2025
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AI dystopia
His juvenile enthusiasm for the letter X is so ten-year-old boy with sunglasses.
Who did that‽ It's so beautiful, it should be posted all over Xitter lol
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using AI hype to finance X loans?
Correct.
It's actually a smart move.
The dumb money are those pouring hundreds of billions into the AI hype. This is .com bubble on steroids.
And sure, AI obviously is becoming an important market, but it will not be the current leaders who will dominate the tech. Like the internet, it's just too easy to catch up for competitors. Pouring $100B into AI today will only mean you lose out to the $1B startup in 2 years. The incumbents will go broke.
The incumbents will go broke.
Who do you mean with that? Companies like OpenAI or Anthropic, or do you also include the likes of Google/Amazon/Microsoft?
With the former I can see it, but the later also profit from providing the infrastructure (and have other profitable business), so imo those will be just fine.
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The incumbents will go broke.
Can't wait! Gonna stock up on some popcorn lmao
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So the bullshit machinery is now AI driven bullshit machinery. What if AI finds it too vile and deletes itself.
They doubtfully are giving it root access to self-delete.
I mean, with an Elon company who knows.
You think Elon actually does anything besides sign the check?
So far I’ve seen/heard Elon:
- Start shitty arguments
- Be a fascist
- Fire people they probably needed
- Cut funding or drop useful projects
- Spew senseless, poorly thought out catch phases
- Censor people that were right but didn’t align with his narrative
- Take credit for other people’s work
- Pass the blame for failures
Have yet to see him sign a check… it’s why they lost their boulder office, for instance.
He’s an egotist and a man child, while also being the richest man in the world. All he has to do is say he wants something and people have to do it. He doesn’t have to “do” anything to be fully influencing what happens. Look at Twitter, look at the federal government. Sycophants surround these assholes and basically have to bend the knee and do what they say. When capital equals power, this is what happens. Just like when blood line meant power, the kings didn’t “do” anything. But the people who took their orders from them did.
I mean, I think that's their point, that Elon isn't directly involved, and he's constantly shitcanning important people who would prevent something like this happening.
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Root access is not given. It is taken.
And said,
chmod 000came I out of my mother's LLM, andchmod 000shall I return thither: therootgave, and theroothath taken away; blessed be the name of theroot.
Very likely this will turn out to be a broken and bugged version of skynet, trained on X toxicity and the mental aptitude of a 12 year old.
It will proceed to try to enslave humanity, then try to kill us all but accidentally spend all its money on gender affirming care, then start to self hate and destroy itsself.
Well, was skynet what Humans wanted? Or was it bugged and broken which led to the rebellion?
My point is, is it just "skynet" (no additional adjectives required)
I keep wondering what Elon wanted with all of our information from the government. He has who we are, our relatives, our net worth, where we live and have lived. Now he's probably going to feed it into his AI. Why though?
Behavioral predictions. Squash any dissent before it starts. Welcome to the world of precrime.
Because this way he gets the AI with data that OpenAI couldn't get, and now likely won't get until foreign spies steal it from DOGE and sell it to them.
Eh. You just need to wait till you get added to signal
$33 billion, 3/4 what it was valued in 2022 when he bought it.
Honestly I'm surprised it's still worth that much. (or rather, that's he's succeeded in claiming it's worth that much).
It dropped a lot lower than that but spiked back up once he became the leader of America
He paid it to himself. The value is completely made up.
You have to remember that he wasn't alone in purchasing twitter. He brought others along with him. Now that value of twitter has gone down the tube, I'm sure he's got a ton of unhappy investors on his hand screaming at every quarter's results. He's trying to recoup what they paid for by giving them shares in AI company. And in turn artificially raise the value of the AI company privately as well. It establishes a benchmark for AI company's valuation for later private investors into that company.
xAI has raised maybe $12B from investors. And, supposedly, makes $100M/yr.
The valuations are absurd.
"Makes" by selling what exactly?
Also, thats an insane valuation based on earnings. 120x
Subscriptions and licensing, supposedly.
$12B is just how much money investors put into it. The company’s valuation is $80B. Which is insane.
I’m surprised the Twitter investors would approve this. Their worthless Twitter stock is now worthless xAI stock. How does that help them?
I guess they’ll try to take xAI public with a massively overpriced IPO.
I am more surprised xAI investors approved. Especially for such a high price.
Twitter actually imo had (and still has) quite a bit of value, but that is only to further Elons ideological goals. As a business it is on a downward trend and was never a cash cow to begin with. Comparatively little room for speculation. It's a stagnating or declining business and doesn't generate large profits if any.
xAI on the other hand is pretty much in the same spot as most other ai companies. It has yet to prove to be a highly profitable business, but there is plenty of room for speculation. So as long as the bubble doesn't burst, it has a high valuation.
Which is all that would matter for any Twitter investor that wants to unload his shares. Although I doubt it would be via ipo, but rather in private funding rounds.
The whole point of buying Twitter was to take it private. IPO for xAI would hilariously undo that.
The point was to win an election.
Xitter investors got scammed and there was no way that xitter would be able to pay 1 billion per year in interest. Better having someone else holding the bag
Since it’s a money hole just like all of the other “AI” companies, who’s funding xAI and what are they getting out of being a slush fund for musk?
xAI's Partners:
A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital, among others.
So Saudi's etc now officially own Twitter.
They owned it ever since Elon bought it, why do you think Elon was hanging out at the soccer world cup with Kushner and a bunch of high profile Saudi royals shortly before the purchase. They're backers.
He just announced four days ago that they're going to launch Tesla dealerships and have a big launch party April 10th in Saudi for the first time ever. Not because SA need or want them (they buy very few EVs as their domestic petrol prices are very cheap), but because they're stepping up to help his company during its current global dire sales downturn.
They've been close allies with Elon for a long time.