Chit Chat Stocks National "Liberation" Day; OpenAI's $40 Billion Investment; Wait, Trevor Milton Got Pardoned?
Apr 6, 2025
Dive into the latest on Elon Musk's bold business moves and the eye-popping AI investment landscape with SoftBank and OpenAI. Explore the controversial pardon of Trevor Milton, raising eyebrows and sparking debate. Discover how Dollar Tree is reshaping its strategy and the shifting dynamics between Spotify and music labels. Plus, Rocket Companies' ambitious acquisitions could transform the housing market, while insights on Airbnb and Google stock performance add to the mix. Tune in for a whirlwind of financial insights!
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Musk's X Merger
- Elon Musk merged his AI startup, xAI, with his social media platform, X, in an all-stock deal.
- The deal valued xAI at $80 billion and X at $33 billion, raising questions about the negotiation process.
Useful AI vs. BS AI
- There's useful AI that drives real innovation and changes the world.
- There's also "BS AI" where the term is slapped onto anything without true innovation.
OpenAI Investment
- SoftBank's $40 billion investment in OpenAI, valuing it at $300 billion, raises questions about its financial viability.
- The investment prompts comparisons to SoftBank's previous investments in WeWork and Uber.