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[–] 16 points 1 year ago (6 children)

$33 billion, 3/4 what it was valued in 2022 when he bought it.

Honestly I'm surprised it's still worth that much. (or rather, that's he's succeeded in claiming it's worth that much).

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  • [–] [S] 20 points 1 year ago

    You have to remember that he wasn't alone in purchasing twitter. He brought others along with him. Now that value of twitter has gone down the tube, I'm sure he's got a ton of unhappy investors on his hand screaming at every quarter's results. He's trying to recoup what they paid for by giving them shares in AI company. And in turn artificially raise the value of the AI company privately as well. It establishes a benchmark for AI company's valuation for later private investors into that company.

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  • [–] 15 points 1 year ago (2 children)

    xAI has raised maybe $12B from investors. And, supposedly, makes $100M/yr.

    The valuations are absurd.

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