The business model for Tesla and xAI is actually very simple and superior to OpenAI and Google's. No, this is not satire:
The business model is that his companies are meme stocks, and controlling social media means controlling meme stocks. The business model is also that his companies require corporate socialism, and controlling social media means influencing government policy.
He can talk about AI driving cars, but that's yesterday's news. Today, his business model for AI is to put his finger on the scale and influence society to help him become richer. AI is threatening to replace search, but in a way it's also threatening part of what social media provides, namely the ability to guide discourse at scale.
What's easier: Getting his personal board to give him a trillion dollars, and shoring up public support for that with bias in his AI products and on X? Or building a trillion-dollar business?
Elon Musk's business model for AI is actually quite easy to understand.
Stable coins fail when there's a run on the bank. Crypto is a wild west of unregulated banking. They have essentially become tools for money laundering and scam enablers, so it might take a while. But eventually the general public will say "no thanks" to a pain in the ass version of regular money. When the rush to the exits happen, the ~7 txn/s limit of Bitcoin will become painful.
What in the world are you talking about? What stablecoins are you talking about operating at 7tx/s? Why do stablecoins fail when there's a 'run on the bank'? You're mixing so many metaphors here that I'm not sure you know what you're talking about at all. This is a stablecoin: https://en.wikipedia.org/wiki/Dai_(cryptocurrency). If it isn't permissionless it's not a 'stablecoin' it's an IOU.
Without commenting on the rest of either of your posts, he is talking about how to trade between stable and other coins with that limit on Bitcoin. i.e. He is saying there will be so many people trading away stable coins for Bitcoins (as in Bitcoins not generic stand in for cryptocoin) or other coins that the 7tx/s limit of Bitcoin wallet transfers that it will become a significant factor as Bitcoin is used as a 'reserve currency' for these trades.
it won’t be. the same sane argument was that “robotaxi” fall will be dramatic but it wasn’t, Musk, like Trump, is a master at manipulating masses and when thing du jour inevitably fails he’ll just pivot on an earnings call (and on “X” along the way) how “thing du jour is yesterday’s news” and he’s onto “next big thing” - data center on Jupiter that will replace all earth’s data centers or something like that :)
Honestly I think capitalism is a farce and I don't even have an emotional response to (b/tr)illionaires getting insane handouts and the stock valuations being insanely overpriced for even the most optimistic projections created by the companies themselves.
Okay rich guys, you get to have infinite free money.
But economists, I beg of you, I am willing to kiss your shoes, but please just admit that this causes inflation, and things aren't getting more expensive 'just because'
The business model is that his companies are meme stocks, and controlling social media means controlling meme stocks. The business model is also that his companies require corporate socialism, and controlling social media means influencing government policy.
He can talk about AI driving cars, but that's yesterday's news. Today, his business model for AI is to put his finger on the scale and influence society to help him become richer. AI is threatening to replace search, but in a way it's also threatening part of what social media provides, namely the ability to guide discourse at scale.
What's easier: Getting his personal board to give him a trillion dollars, and shoring up public support for that with bias in his AI products and on X? Or building a trillion-dollar business?
Elon Musk's business model for AI is actually quite easy to understand.