Elon Musk sells X to his own xAI
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Forbes |
Elon Musk said Friday his artificial intelligence startup, xAI, has acquired his social media platform, X, for $33 billion in an all-stock transaction.
The Financial Times |
“xAI and X’s futures are intertwined,” Musk said on Friday evening, adding that he would be combining the data, models, computing power, distribution and talent of the two companies.
Mercury News |
Musk said that the combined platform will “deliver smarter, more meaningful experiences.”
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Elon Musk announced in a post on X that his artificial intelligence company, xAI, had acquired the social media platform in an all-stock deal.
3hon MSN
Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, he announced in a post on X Friday. "xAI has acquired X
The acquisition was an all-stock transaction for $45 billion with the combined company now valued at $80 billion, according to Elon Musk.
Musk said that xAI has acquired the social-media platform in an all-stock deal valuing the AI company at $80 billion and X at $33 billion.
The all-stock deal values xAI at $80 billion and X at $33 billion, according to Musk’s post. The billionaire has increasingly linked the two companies, wielding user data from X to train its AI models.
Billionaire Elon Musk said his xAI artificial intelligence startup has acquired the X platform for $33 billion, marking a surprise twist for the social network formerly known as Twitter.
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.
Elon Musk's AI company, xAI, has purchased X, according to a post shared by Musk. Besides their similar names and owner, the companies are already connected through xAI's chatbot Grok, which is integrated into X.
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