Musk's series of big moves hit! Twitter "disappeared"?The US version of "WeChat" has arrived, calling for the suspension of AI itself but starting research and development.?
It is understood that the recent news that Twitter Co., Ltd. (Twitter Inc..) will join Elon Musk's newly formed shell company X Corp.Merger, no longer an independent company。It seems that Musk's previous talk of building Twitter into a super app called "X" is not nonsense。
It is understood that the recent news that Twitter Co., Ltd. (Twitter Inc..) will join Elon Musk's newly formed shell company X Corp.Merger, no longer an independent company。It seems that Musk's previous talk of building Twitter into a super app called "X" is not nonsense。
Twitter will soon become the US version of "WeChat"?
According to a document filed in a California court on April 4, Twitter has "ceased to exist" and the company is now incorporated into X Corp..Twitter's lawyer said: "Twitter, Inc..has been incorporated into X Corp.No longer exists。The documents also show that Musk is the company and its parent company, X Holdings Corp..The company, which was also formed last month, has an authorized capital of $2 million.。
It's unclear what the change will mean for Twitter, but since Musk bought Twitter for $44 billion last year, the billionaire has said he wants to create an app similar to Tencent's social media app, WeChat, and named the plan X。Musk also said the acquisition of Twitter would be a "catalyst" for the creation of X, which he called a "one-size-fits-all app."。In addition, Musk himself tweeted a single character "X" about the move on Tuesday, seemingly sitting on the news of the merger.。
It is reported that Musk co-founded the X as early as 1999..Com's online banking, which was merged into Confinity a year later and later renamed PayPal (PayPal)。Recently, there have been media reports, Musk previously said that he would re-implement the X on Twitter..Com's Plan。
In response, Bloomberg analyst Mandeep Singh said: "Musk could create a parent company structure similar to Alphabet, where he owns all the companies.。"。"When a large peer like Alphabet and Meta strives to be an all-around app on the consumer side, I don't see how he can layer e-commerce or payments on Twitter."。"
Interestingly, Musk's recent internal valuation of Twitter was only $20 billion, but he drew a ten-fold pie for his employees, threatening to make the company's valuation soar to $250 billion, and it seems Musk's confidence in its merger is still strong.。
He called for a moratorium on AI research and development, but he began to engage in AI.?
While joining forces with many bosses to ban it, they steal it themselves.。
It is worth noting that not long ago, Musk also signed an open letter from the Future of Life Institute with Apple co-founder Steve Wozniak and other tech leaders, asking all AI labs to suspend training for AI systems more powerful than GPT-4.。
But according to the latest reports, he appears to be launching a major artificial intelligence project on Twitter.。It is understood that Twitter has purchased about 10,000 graphics processors, and under normal working conditions, the social media business does not need so much graphics processing performance。In this regard, some people speculate that Musk will use these products for the development of artificial intelligence technology.。
In addition to purchasing GPU hardware for its generative AI projects, Twitter is currently hiring additional engineers。Earlier this year, the company recruited engineers Igor Babuschkin and Manuel Kroiss from Alphabet subsidiary AI research firm DeepMind.。Musk has been actively looking for talent in the AI industry since at least February, trying to compete with OpenAI's ChatGPT.。
A person familiar with the matter said that Musk's artificial intelligence project is still in the early stages, and the artificial intelligence project involves large language models (LLM)。
LLMAbility to train AI on large amounts of data to create more complex content and text。The current chatbot ChatGPT and Google's Bard, both run on the basis of LLM。Twitter, as a social media platform, happens to have a huge amount of data that can be used to train LLMs。
Twitter is "coming back from the dead."
Since Musk's $44 billion acquisition of Twitter in October last year, the social media company seems to have been on the decline, first caused by massive layoffs of brain drain, to "freedom of speech" and amnesty banned users and a series of operations, causing gold dads to leave the platform one after another.。
Last week, Twitter suffered a bug that left thousands of users unable to access links, according to Internet watchdog group NetBlocks, the sixth major outage since the start of the year.。In addition, Twitter's code was stolen last month, and some of its proprietary source code was publicly released online.。
Faced with a messy experience of the status quo, Twitter's advertising volume has also fallen sharply。Just when everyone thought the social media platform was going to decline step by step at Musk's hands, Twitter was starting to come back from the dead.。
Musk said on Wednesday that the social media company is now "basically breaking even" as most advertisers are back and its aggressive cost-cutting efforts are paying off positively after massive layoffs.。Musk has said this is due to the cyclical nature of ad spending, some of which is "political."。He also said Wednesday that most of its advertisers have returned.。
In addition, Musk said in a recent media interview that Twitter is in a $3 billion negative cash flow situation and has to take drastic action.。The action refers to its massive layoffs, with Twitter now employing about 1,500 people, down sharply from the 7,000-plus employees before he took over in October.。
"If all goes well, our cash flow for the quarter could be positive," Musk added in the interview, adding that the company currently has a record number of users.。
As you can see, Twitter seems to be getting better in all aspects at the moment, and it seems that Musk's ten-fold pie painting is indeed likely to come true。
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