Elon Musk Gives Himself the Biggest Handshake ⇥ theregister.com

You may remember how, a little under a year ago, Elon Musk’s company xAI bought Elon Musk’s other company X, “valuing” it at $44 billion, exactly the same as the amount he paid for it despite Fidelity valuing it at more like $9 billion. Then, just a few months later, Elon Musk’s company SpaceX gave Elon Musk’s company xAI $2 billion. And, just last week, Tesla — a publicly traded company Elon Musk runs — gave xAI another $2 billion.

Anyway, here is Tobias Mann, with the Register:

Elon Musk on Monday revealed his space company SpaceX has acquired his AI outfit xAI, and that the two will work together to escape the surly bonds of Earthly powers by tapping the sun’s enduring glow.

“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars,” Musk wrote in a bizarre blog post published to SpaceX’s website on Monday.

Apparently, the combined company is worth $1.25 trillion on annual revenue of $15 billion, up from a valuation of $400 billion six months ago, presumably because investors love stuff like this:

“My estimate is that within two to three years, the lowest cost way to generate AI compute will be in space,” Musk contends in his post. “Long term space-based AI is obviously the only way to scale.”

“Obviously”. Sure, man. How else would you scale up your massive CSAM generator if not for the vastness of outer space? All of this is completely reasonable, and I am just a very stupid person for not getting it.