• 0 Posts
  • 1.18K Comments
Joined 2 years ago
cake
Cake day: August 24th, 2023

help-circle













  • The realistic issue is he doesn’t need the money. No one needs that amount of money. And to be honest, it’s not money, it’s unrealized wealth in stocks.

    He wants more control of Tesla.

    When Tesla was incorporated, they decided not to have dual class shares as it was more frowned upon at the time, so it’s impossible to grant him voting shares, that at the same time aren’t worth anything stock price wise.

    Companies like Meta have this dual share structure and it’s how Zuckerberg has majority control (58% voting rights) but does not have the value of majority of shares. If Meta didn’t have dual shares and Zuckerberg still had 58%, he’d be worth $899 billion at todays stock price.

    The really stupid thing is that Musk had greater control, and then he sold it off to buy Twitter because suddenly Twitter was this life or death for humanity thing to him (lol). This was AFTER for years saying he’d never sell his shares, he’d be first in last out, except for some charity stuff and living expenses.

    So we have undeniable proof he’s willing to say he won’t sell shares, and then at a whim buy something worth tens of billions, so without a doubt in my mind, if he gets this extra trillion, his words are worthless on not spending it. He’ll wake up one day and decide to save rule the world he needs to buy CNN, CNBC, PBS etc etc and control everything.

    You could also see when he sold stock to buy twitter, that even though on paper he was worth $XYZ the moment he started selling billions of stock, the price plummeted, because the stock price doesn’t actually represent real money, it’s all unrealized until someone tries to use it.







  • when they have absolutely nothing to do with AI other than their poorly chosen marketing name

    I worked somewhere once where they had an algorithm that placed items according to rules it was given, and it would output variations based on the rules to give the user some output options to work with. Think A or B could go here, and the different outcomes based on if you started with A or B.

    It was pretty complex, but ultimately it was just a deterministic outcome of many possible deterministic outcomes based off the rules and what you started with.

    They marketed that shit as AI.

    It infuriated me.

    No machine learning, no neural nets, no reinforcement learning, or learning of any kind, just placing things based off rules.

    And don’t get me wrong, it was good, just not AI.