Comment by breve
7 hours ago
> "AI was not built right first time around, so is being rebuilt from the foundations up"
So Tesla's recent $2 billion investment in xAI was a bad deal?
It looks a lot like a public company is being used to bail out a private one.
I'm pretty sure that all these acquisitions have been glorified accounting tricks in order to undo the damage that Musk did when he bought Twitter at an obscenely overvalued price in 2022. Clearly he didn't actually want Twitter at that price, because he tried to back out almost immediately after making the offer, so now he has his accountants do all this glorified money-shifting to effectively "sanitize" his purchase and recover his funds.