Economic Corner 1 - December 3rd 2024

So Musk bought Twitter to make it a legally private data source that is being grown real time by the public users to his own private modern, circa 2025 , computer system commonly while falsely called an Artificial Intelligence, xai. The money he loaned to buy twitter he presented this to them in some way or form. Alot of data today is behind various paywalls, literally as in terms of service or legally through lawsuits if accessed. So getting data that is not only of a heavy quantity while still being added into plus private to all other data acquirers is priceless. Even if former twitter losses social media market share its value to growing xai is on course to making losses with x smaller than revenue earned from xai , potentially of a varying scale. 

Question: What will the ability of offline devices software having the generative functionality of OpenAI+ChatGPT+MidJourney aside the data of the google search engines internal encyclopedia have on humans?

At some point devices will exist that don't need to be connected to the world wide web, which is in the internet , for the software inside said devices to exhibit the combined functionality plus base data content of multiple services of the most potent computer programs accessible online today, circa 2024. That moment will be a watershed in terms of online or world wide web usage. 

CITATIONS

Segment Critics said Musk 'overpaid' for Twitter. Thanks to Trump and xAI, it could actually be a steal.
...
Not only has X served as Musk's political megaphone — it has also been a lucrative source of training data for one of the billionaire's other ventures, xAI, a startup that has rocketed to a $50 billion valuation in 16 months. [ https://www.businessinsider.com/elon-musk-xai-startup-valuation-history-chart-2024-11 : POSTSCRIPTA- segment]
That fresh valuation means xAI has surpassed Musk's purchase price for X. It came with a $5 billion funding round, which The Wall Street Journal reported was backed by the Qatar Investment Authority and Sequoia Capital. [ https://www.businessinsider.com/xai-value-twitter-funding-elon-musk-x-2024-11 ]
Musk launched xAI in July 2023 as a springboard to get in the AI race. He had cofounded and then left OpenAI over differences with its CEO, Sam Altman.
The startup has made up significant ground on its rivals by using X as a source of third-party data, one of the key avenues for training large language models. [ https://www.businessinsider.com/generative-ai-wall-scaling-laws-training-data-chatgpt-gemini-claude-2024-11 ]
In late 2023, Musk blocked other organizations from scraping X's data for free — but gave xAI continued access. That gave xAI a crucial boost. [ https://techcrunch.com/2023/09/08/x-updates-its-terms-to-ban-crawling-and-scraping/ : POSTSCRIPTB- segment]
...
Though the number of X users has been falling, Musk said in May that it had 600 million monthly active users.
"This is a level that neither OpenAI nor any other third party can access, or at least not as easily, which provides a huge competitive edge and therefore makes xAI a valuable company," Keenan-O'Malley added.
Wired reported last year that access to 0.3% of X's data would cost about $500,000 annually. [ https://www.wired.com/story/twitter-data-api-prices-out-nearly-everyone/ ; title: Twitter’s $42,000-per-Month API Prices Out Nearly Everyone ; subtitle : Tiers will start at $500,000 a year for access to 0.3 percent of the company’s tweets.~]
"Clearly X's or indeed any social-media platform's data is valuable," Advika Jalan, the head of research at MMC Ventures, told BI.

https://www.msn.com/en-us/money/companies/critics-said-musk-overpaid-for-twitter-thanks-to-trump-and-xai-it-could-actually-be-a-steal/ar-AA1v6Ojy?ocid=socialshare

POSTSCRIPTA 

It took OpenAI, last valued at $157 billion in October, about nine years to reach the $50 billion milestone, according to PitchBook data.
...
Elon Musk, starting with a team of 12 people in July 2023, did it in less than a year and a half.

POSTSCRIPTB
The new terms, which are effective from September 29, ban any kind of scraping or crawling without “prior written consent.” [ https://x.com/en/tos ] 

NOTE: crawling or scraping the Services in any form, for any purpose without our prior written consent is expressly prohibited.
The previous version of the terms allowed crawling in accordance with robots.txt.
“NOTE: crawling the Services is permissible if done in accordance with the provisions of the robots.txt file, however, scraping the Services without our prior consent is expressly prohibited,” it read.
In the last few months, Twitter has also altered its robots.txt file — a file that gives instructions to robot crawlers about what parts of the site they are permitted to visit — to remove instructions for all crawler bots apart from Google.
In 2015, Twitter confirmed that it had a firehose deal in place with Google to surface tweets in search results. It is not clear if the nature or terms of that deal have changed under the new management.
We have reached out to Google to understand if the search giant has an agreement in place. We will update the story if we hear back.
X has also altered the robots.txt file to disallow crawlers to get information such as likes and retweets related to specific posts. It also bars robots from looking at an account’s likes, media and photos.
Earlier this month, X changed its privacy policy to state it might use public data to train AI models. Musk has previously noted during a Twitter space that xAI, a company founded in July, would use public data such as tweets to train its models. X’s new privacy policy also has provisions for the collection of biometric data of users along with education and job history.

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