It's worth noting that the widely reported "$44 billion valuation from investors... | Hacker News

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		llm_nerd 9 months ago \| parent \| context \| favorite \| on: X’s director of engineering, Haofei Wang, has left... It's worth noting that the widely reported "$44 billion valuation from investors" was Elon Musk himself making someone who co-invested in the original buyout whole again. e.g. Elon Musk is the one who set the valuation. All of these numbers are fantasy. Similarly Musk has been giving lenders stakes in "xAI" as well to compensate for the eventual failure of their loans, and again that is being reported as X debt losing its discount. Everything in US equities is absolute farce, especially anything that involves Elon Musk. It's all fantasy numbers.

rvz 9 months ago [–]

> Everything in US equities is absolute farce, especially anything that involves Elon Musk. It's all fantasy numbers.

Exactly. Then you would also agree that the entire startup industry, especially these AI startups are beyond overvalued.

What matters is when it all crashes down to reality.

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