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Elon Musk’s xAI buys X
Welcome back to Week in Review! Elon Musk says that xAI bought X in an all-stock deal; a16z-backed 11x faked some customers; the Lumon Terminal Pro pops
Fudging the numbers: More than 20 sources — including investors and current and former employees — told TechCrunch that a16z- and Benchmark-backed 11x has experienced financial struggles, largely of its own making. Backdoor to China: SpaceX, a defense contractor for the Pentagon, reportedly allowed Chinese investors to buy shares, as long as the funds are routed through the Cayman Islands or other offshore hubs. While the debate over whether this is horrifying (Studio Ghibli co-founder Hayao Miyazaki once said that “AI is an insult to life itself”) or cool, it does highlight one thing: Copyrights are still a concern when it comes to AI-generated anything.
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