I'm utterly impressed by this new version of the classic pyramid scheme. Just keep making new companies by showing investors you were successful before so they should pony up all $ and only own say, 30% of the company. And then he has one of his older companies buy one of the newer companies, giving the newer company a "valuation" of some ridiculous amount of money the market would never actually give it, which will of course be an all stock deal with no cash so it doesn't actually cost him anything, in fac
It's insane a company with a vscode clone with ai bits slapped on can get that kind of value
It's a click bait headline. This is a $10 billion option, not a $60 billion acquisition.
$10 billion is still on the insane side for a vscode extension. However, Elon has an AI platform, and that platform lacks the IDE integration that others have, so my guess is he's looking to plug that hole with money.
When you couple all that with the recent "Terafab" kickoff, it's clear Elon wants his whole AI compute stack under one roof; from the chips to the developer stack. He's building a vertically integrate
Elon already has the bestest brain & most superduper sentient AI?
Surely Grok will attain cosmic consciousness before the end of the year, right?
Capitalism rewards the strategy of consuming your potential competition. Actual competition is only a last resort in this economic system.
Cursor isn't an AI, it's just an IDE.
It's insane a company with a vscode clone with ai bits slapped on can get that kind of value
It's a click bait headline. This is a $10 billion option, not a $60 billion acquisition.
$10 billion is still on the insane side for a vscode extension. However, Elon has an AI platform, and that platform lacks the IDE integration that others have, so my guess is he's looking to plug that hole with money.
When you couple all that with the recent "Terafab" kickoff, it's clear Elon wants his whole AI compute stack under one roof; from the chips to the developer stack. He's building a vertically integrate