Elon Musk’s AI firm, xAI, has bought X, according to a post shared by Musk. In addition to their comparable names and proprietor, the businesses are already linked via xAI’s chatbot Grok, which is built-in into X.
X was acquired by xAI via an all-stock transaction. “The mixture values xAI at $80 billion and X at $33 billion ($45B much less $12B debt),” Musk writes. “xAI and X’s futures are intertwined.” The businesses plan on combining “information, fashions, compute, distribution and expertise,” utilizing X’s attain as a social platform to unfold “xAI’s superior AI functionality.” The submit provides little element past that, however the motivations may very well be as monetary as they’re sensible.
@xAI has acquired @X in an all-stock transaction. The mixture values xAI at $80 billion and X at $33 billion ($45B much less $12B debt).
Since its founding two years in the past, xAI has quickly develop into one of many main AI labs on the planet, constructing fashions and information facilities at…
— Elon Musk (@elonmusk) March 28, 2025
X, then Twitter, was acquired by Musk in 2022 for $43 billion. xAI, like many main AI firms, has been raising money as usually and as shortly as doable. Combining the 2 firms, moreover the fuzzy potential advantages social media posts might have for coaching AI, helps ease a number of the debt that Musk took on taking Twitter personal. The billionaire pulled an analogous stunt in 2016 with Tesla, when the automotive maker merged with SolarCity for $2.6 billion.
This text initially appeared on Engadget at https://www.engadget.com/social-media/xai-elon-musks-ai-company-just-purchased-x-elon-musks-social-media-company-221503759.html?src=rss
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