Comment by merman
13 hours ago
Are you aware that many companies receive billions in government contracts, and why are you concerned about this and not others e.g. amazon, MSFT, etc
13 hours ago
Are you aware that many companies receive billions in government contracts, and why are you concerned about this and not others e.g. amazon, MSFT, etc
Personally, I don't care because AWS and Azure are both extremely profitable without federal contracts.
XAI is the dictionary definition of a blue-chip nothingburger. Nobody wants their tax dollars going towards the bailout of an AI company that can't compete on merits alone. It's a dilution of SpaceX's valuation, if nothing else.
Ah, so your premise is SX is unprofitable without federal contracts! and that the SOTA model, which was released before this investment, can’t “compete”
I think the real underlying premise is that Elon is unhinged, cannot be trusted and just makes stuff up. Self driving Teslas were going to launch "next year" since 2017. DOGE was going to find 1-2T dollars worth of waste in our budgets. Thai rescue diver was a pedophile. etc.
For all I know, SOTA model can be a copy with some additive work on Claude or OpenAI models.
3 replies →
That's not what I said at all. If AWS or Azure went all-in on a risky, overvalued technology, they would get extreme scrutiny from both the public and federal contractors. SpaceX is doing exactly that, and diluting their valuation in the process. You'll note that neither AWS nor Azure have made similarly risky "balls on the table" ventures.
You can argue that the dilution is good for taxpayers in the long-run (fat chance lol), or that SpaceX can survive the immediate aftermath (duh). But you cannot argue that XAI is a deserving company, because it never won a contract against it's competition. The demand is invented, simple as that.
Mind you, XAI couldn't even fund itself before the seed rounds. Both political admins will be looking at their SpaceX contracts with a renewed scrutiny, which Elon had better hope doesn't develop into a campaign for nationalizing SpaceX IP.
...who am I kidding, he was begging to become eminent domain the moment he put POTUS in his crosshairs. Au revoir, rocket man.