• Th4tGuyII
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    853 months ago

    How the fuck do people keep giving him more money??

    Most of his ventures are dumpster fires, and SpaceX only runs well because he doesn’t touch it.

    • @cranakis@reddthat.com
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      723 months ago

      Because he’s in charge of the government now. Oligarch power. We are rightly fucked. They will all make even more money and dump any losses on us.

      • @devfuuu@lemmy.world
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        193 months ago

        Absolutely amazing thar nuclear power is now so close to his control or influence. Nothing to be afraid of.

    • Phoenixz
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      3 months ago

      He does touch it. Remember the obliterated launch pad that also critically damaged his rocket about a year ago? That was him.

      Also, SpaceX runs “well” because it got billions of government dollars to get humans to Mars and so far they’ve been able to blow up a banana over the Indian ocean. Literally. SpaceX has spent all that money and hasn’t even hit the first target on a long list of targets.

      Think about this: SpaceX has spent more time and government money than NASA did for the Appollo project and what did both do? NASA got the first human to the moon. SpaceX shot a car in low earth orbit, obliterated a launch pad (amongst so much more) and fried a banana over the Indian ocean. Their big rocket managed to hit LEO in an uncontrolled spin until it burned up. Seriously, SpaceX is playing at step one and failing to reach step 2

      They do cheer loudly when yet again a rocket blows up. Do you remember all the cheers at NASA when their tickets blew up all the time? Oh yeah, that’s right. They had a tiny fraction of the computer power of today and went for the “do it right the first time” and they did.

      SpaceX sucks. It’s just another Musk toy that peoplem are giving a free pass because reasons.

  • FaceDeer
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    83 months ago

    Each individual element in that headline is perfectly tailored to make this comment section nothing but rage and irrelevant insults.

  • @umbraroze@lemmy.world
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    283 months ago

    Huh.

    You know, when I think of supercomputer applications, I think of deeply analytical problems based on solid math and well understood algorithms that can be highly parallelised to take the maximum theoretical advantage of the hardware at hand.

    You know, the opposite of what the “AI” crowd is doing. Throwing vast amounts of crunching power at a barely understood hypothetical black-box problem in hopes that it potentially yields some interesting results. Maybe.

  • Zier
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    213 months ago

    It’s just more money laundering for Xelon.

  • @Unpigged@lemmy.dbzer0.com
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    233 months ago

    His vaporware time after time raises billions without any viable output.

    In a meanwhile, there are legit businesses which struggle financially because the market ‘doesn’t believe’ in them.

    Free market will solve it, my ass

    • @explodicle@sh.itjust.works
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      13 months ago

      Free market? Welcome to the bailout economy, where success is determined purely by proximity to power. Any facade of a free market died in 2008.

  • @CitizenKong@lemmy.world
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    93 months ago

    Anything Musk touches is immediately tainted by association. Any AI product he has a say in should immediately be considered a potential danger to humanity as a whole.

    • @ocassionallyaduck@lemmy.world
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      43 months ago

      Too, bad. He won the election he bought, and so now he’s (no joke) being proposed as speaker of the house (3rd in line to presidency) which is an unelected position.

      Then if/when Trump dies and JD Vance gets killed/abdictates, you have Elon President.

  • qyron
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    73 months ago

    Can someone imagine the outcome of a single Elon company going bust?

    • @reddig33@lemmy.world
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      193 months ago

      Xitter went bust a long time ago. It’s propped up by political interests. Tesla auto will probably be in the dumps after the smoke and mirrors wear off. No one outside the cult wants to buy a new Tesla.

      • katy ✨
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        33 months ago

        i still have no idea why people wanted to buy teslas before he took off the mask either. they’re ugly as sin.

        • @jubilationtcornpone@sh.itjust.works
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          3 months ago

          Tesla originally had some star power because they were doing things that traditional automakers claimed were impossible. A litany of poor engineering decisions and Elon showing his true colors have worn off any remaining novelty.

  • sunzu2
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    403 months ago

    Elon Musk’s xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors, followed a doubling of xAI’s valuation within six months and solidified the company’s position as a growing competitor in the AI sector.

    Major investors in this funding round include Nvidia, AMD, Andreessen Horowitz, Blackrock, Fidelity, Kingdom Holdings, and Sequoia Capital, among others. Only previous investors who backed Musk’s earlier ventures, such as the Twitter acquisition, could participate. The minimum investment per participant was $77,593, but the identities of most investors remain undisclosed.

    There is a club…

      • sunzu2
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        73 months ago

        Musk + Nvidia, AMD, Andreessen Horowitz, Blackrock, Fidelity, Kingdom Holdings, and Sequoia Capital

        How much shit do they have over daddy Sam?

        Asking for a friend.

    • @wewbull@feddit.uk
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      73 months ago

      Well Nvidia and AMD will get their money (and possibly some other investors money too) straight back in equipment purchases.

  • katy ✨
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    283 months ago

    it pays to have a saudi arabian sugar daddy to sink money into your tax shelter.