Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.
  • DogPeePoo@lemm.eeEnglish
    3·
    6 days ago

    It’s equivalent to plugging a surge protector into itself— eNdLesS pOweR!!!

  • Sirdubdee@lemmy.worldEnglish
    1·
    6 days ago

    He traded a liability for an asset. Distanced X from his personal assets (Tesla stock) used as collateral. xAI now has massive amounts of debt and Elon just owns the company that owns it.

      • dindonmasker@sh.itjust.worksEnglish
        1·
        6 days ago

        Careful with what you ask. You might get it for almost free but the debt that comes with it won’t be free. I’m pretty sure your comment can be used in court to bind you to the deal too XD

        • Lost_My_Mind@lemmy.worldEnglish
          1·
          5 days ago

          Maybe it was the early 2000s, and limp bizkit just released their new album, and grandma knew he liked wearing black nail polish and spiked collars with chains.

          And then it got thrown into a drawer. And now he’s a financial adviser in his mid 40s, and his last parent recently died. So he had to clean out the house before he sold it. And found the hot topic gift card he forgotten about. It has $6 still loaded on it.