Comment by Centigonal
2 days ago
Whether or not X goes under is almost fully dependent on whether it services its debt. That debt is backstopped by Elon Musk, who has enough assets to service that debt for at least another few decades.
Whether or not X goes under is almost entirely one man's choice.
The Twitter-purchase debt problem is a lot less relevant now that he's rolled X into xAI. Now X the app gets to tag along with a higher value AI company (or at least it is currently valued much higher due to investors dreaming big).
Investors are insane throwing money at elon's xai at a $75 billion valuation. And knowing that elon is probably taking their cash to pay twitter's debt. How is that possible? That shitty also-ran mechahitler ai is never going to make any money. It makes me suspect that a lot of these VCs are more political than rational.
Higher value AI company? Not for long if "mechahitler" keeps popping up.
Honestly, after years of hearing that Elon's mishaps and faceplants will actually have a meaningful impact, with no meaningful impact, I'm sure xAI will be fine as long as they stay somewhat competitive.
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