xAI's acquisition of X and its new valuation

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xAI recently acquired X, pushing its valuation to $80 billion. This move has sparked comparisons to previous acquisitions done by Elon Musk, such as Tesla's purchase of SolarCity, which was criticized due to alleged self-dealing and the lack of competitive valuation. User comments express skepticism about the legitimacy of such inflated valuations, suggesting that Musk may be using xAI to prop up X and satisfy investors. Concerns are raised about the implications for governance and regulation, especially regarding the SEC's potential scrutiny of these transactions. The integration of Grok AI into X also indicates a deeper AI-driven future for the platform, although users note that Grok has its own set of issues.
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