The billionaire investor Elon Musk sold his social media platform X to his IA XAI startup, arousing controversy as she coincides with an American judge rejecting his attempt to reject a trial linked to the social media platform.
The transfer of ownership from X to XAI on March 28 means that the collective recourse against Musk – accusing him of fraud of former Twitter shareholders by delaying the disclosure of his initial investment in the social media platform – has become “a lot of Spicer”, said the partner of Cinneamhain Ventures, Adam Cochran.
The acquisition can open Xai to a greater “exhibition”
The same day that Musk said that “XAI acquired X in an All-Stock transaction”, an American judge would have rejected Musk’s attempt to reject the trial. Cochran said he “opened his IA entity at the exhibition here too, and it’s a much larger pie”.
Source: Goer
Musk said that the agreement values XAI at $ 80 billion and X at $ 33 billion, in account of $ 12 billion in debt against the evaluation of $ 45 billion. He originally bought X, formerly Twitter, for around $ 44 billion in April 2022.
“The future of Xai and X are intertwined. Today, we are officially measure to combine data, models, calculation, distribution and talent,” said Musk.
Source: Bryan Rosenblatt
“This combination will unlock an immense potential by mixing the advanced capacity and expertise of the XAI AI with the massive scope of X,” he said, adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding:
“This will allow us to build a platform that does not only reflect the world but which actively accelerates human progress.”
However, Cochran said that “Musk used his XAI actions pumped to pay several times more value for X, but will always undergo a loss of $ 11 billion on the transaction.” He said that Musk “fucks on XAI investors and XA investors” and was executed to sell user data in Xai.
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XAI is best known for his cat’s cat Ai “Grok” which is integrated into the X platform. When Musk published it in November 2023, he said that he could surpass the first iteration of Chatgpt Openai in several academic tests.
Source: Raoul Pal
Musk explained at the time that the motivation behind the construction of Grok was to create AI tools equipped to help humanity by empowering research and innovation.
While Cochran said that Grok being assessed at $ 80 billion is an “incredibly stupid evaluation”, the crypto developer “Keef” does not agree. Keef said: “It’s ladle all around, but given the day, Grok is really the top model for various tasks.”
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