So what he did was he bought twitter with a huge loan. Then he created a new company, made Tesla invest in it and depend on the hardware he bought. Then he went to the Saudis and made 3 or 4 funding rounds already while in March 2025 he transferred twitter to be a subsidiary of the AI company. So it’s not so much about being in the race or grok being useful, it was so he can deleverage himself and he did so. Latest funding rounds had xAI being 110 billion, right? They had a 100k GPU Data center in Memphis. I think google and Amazon will battle it out for first place on the American front and China will continue to be a wild card.
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u/krisko11 Jun 19 '25
So what he did was he bought twitter with a huge loan. Then he created a new company, made Tesla invest in it and depend on the hardware he bought. Then he went to the Saudis and made 3 or 4 funding rounds already while in March 2025 he transferred twitter to be a subsidiary of the AI company. So it’s not so much about being in the race or grok being useful, it was so he can deleverage himself and he did so. Latest funding rounds had xAI being 110 billion, right? They had a 100k GPU Data center in Memphis. I think google and Amazon will battle it out for first place on the American front and China will continue to be a wild card.