That raised some eyebrows. Not sure it’ll hold just yet. Still. His world is getting smaller.
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thatKamGuy@sh.itjust.works 1 year agoHe’s already sold Twitter/X to xAI; he’s got his arse covered when the bottom eventually falls out.
primemagnus@lemmy.ca 1 year ago
rebelsimile@sh.itjust.works 1 year ago
Good thing AI can’t fail.
thatKamGuy@sh.itjust.works 1 year ago
Oh, no doubt - but he’s no longer personally on the hook for Twitter’s $44b debt-loan!
So when it eventually fails, it’ll be a corporate write-off and Elon’s wealth across Tesla and SpaceX are protected.
sem@lemmy.blahaj.zone 1 year ago
Wait is that what happened? Investors in his AI company are on the hook for Twitter now?
The rich really are a vampiric class.
thatKamGuy@sh.itjust.works 1 year ago
Yes, that’s what happened: forbes.com/…/elon-musk-says-xai-has-purchased-x-f…
For what it’s worth, xAI is still a private company - so at least it’s not retail investors on the hook, just venture capital.