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13 days agoIt’s not all him, several other people invested in both. According to some article Elon owns 79% of X, and only 54% of xAI (barely enough to control it). Since the valuation of X in the deal is about $20 billion more what others have estimated ($12.3 billion), it definitely seems like it’s a corrupt bailout 46% funded with other xAI investors’ money, basically netting Elon $8 billion overnight.
That being said, the other investors in xAI are easy marks like Marc Andressen (famous for funding Adam Neumann’s project that came after WeWork) and various Saudi Royals who possibly were convinced that this is ok.
He’s been missing for two weeks but someone created a github for an academic homepage for him a few days ago and updated a branch on it 20 hours ago?’
Unless there’s something I’m missing and multiple XiaoFeng Wangs work for the Luddy School at IU?
I suppose it could also just be a fake account, the whole thing is just weird.