• Wispy2891@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    1
    ·
    4 days ago

    Can someone explain me how xai raised so many billions that they could have purchased xitter for an even more ridiculous amount of billions?

    • They are not a public company so there’s no stock manipulation

    • They are not selling API access to the public

    • They don’t have some sort of crypto coin scam that they could print when need some cash flow

    Where those billions come from? It’s just melon charging ridiculous prices to his own companies? Like if Tesla needed some sort of ai api Key they’re going to pay xai 100000% over the market value? Isn’t that illegal, money laundering or something like that?

    • PhilipTheBucket@ponder.catOP
      link
      fedilink
      English
      arrow-up
      7
      ·
      4 days ago

      It’s just melon charging ridiculous prices to his own companies?

      I suspect that it is exactly that, yes. That and a bunch of investment money which they are planning on flushing down any toilet they can find.

      I don’t really know but they certainly have no other revenue stream that I think is realistic.

    • slazer2au@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      2
      ·
      4 days ago

      Didn’t the muskrat create xai after he purchased twatter?

      Likely what happened, and this is massive guess work, he said to capital providers look what openAI did, let’s do the same thing with twitter data so the lawsuit chances are lower because we already own the data.