TECH - 'Elon Musk Is 80% Genius 20% Master Of Good Luck:' Munster Tells How Tesla CEO's Twitter Purchase Will Skyrocket His Wealth | Benzinga
Deepwater Asset Management's Gene Munster on Thursday predicted that Elon Musk's decision to acquire Twitter, now rebranded as X, will increase his artificial intelligence company xAI's value.
What Happened: Munster took to X and shared his insights about Musk’s decision to acquire the social media platform for $44 billion in October 2022.
He said, "It's getting more clear. @elonmusk is 80% genius, 20% master of good luck," predicting that the tech billionaire's purchase of Twitter will power xAI, a foundation model, to rival Tesla and SpaceX as his primary wealth creation sources.
According to Munster, Twitter’s data will train xAI, which will end up increasing its value to hundreds of billions of dollars.
"The reason is Twitter's data is powerful (best ...