ELON Musk’s AI start-ups, XAI, acquired the social media platform X, a previously known as Twitter, from All-Stock Deal and released on the post on Friday.
“XAI has acquired X from all inventory transactions.” This combination is XAI for $ 80 billion for XAI and $ 33 billion (45b $ 12B). “
Musk described the future of the two companies as “entangled”. “Today we formally combine data, models, calculations, distribution and talents.”
The acquisition was located in 2022, a very influential social media platform MUSK, which was purchased in 2022, and firmly under the umbrella of MUSK’s AI startups founded to compete with Openai in 2023. The XAI’s products, including the AI CHATBOT Grok, were strictly integrated into the X platform before this transaction, but the acquisition of Friday combines two additional MUSK’s most famous companies.
In his posts, MUSK, which leads Tesla, SpaceX and Neuralink, recorded the value of the value of the value of the value of $ 33 billion in X. Musk originally bought X for $ 44 billion in October 2022 and took an individual. But in recent years, the evaluation has been dramatically shaken. At some point, FIDELITY evaluated X less than $ 10 billion.
A few months after Donald Trump took office (Musk actively campaigned and President Donald Trump, who is currently serving as a special advisor, has risen X’s evaluation, and Musk has more than 600 million active users on Friday.
Since launching XAI in 2023, MUSK has strengthened startups with the best AI researchers in the industry of Google Deepmind, Microsoft and Openai, and established a large AI data center for catching along with other Frontier AI developers. To make this effort, MUSK began a historical fundraising campaign in December, including $ 6 billion in funding. According to MUSK, XAI’s evaluation has now reached $ 80 billion.
XAI has succeeded in catching up with Openai, Google Deepmind and Anthropic in Mad Dash. In February, Startup launched Grok 3, a frontier AI model that competes with the industry’s major AI models at the benchmark that measures mathematics, science and coding.
However, XAI’s success was not confused with MUSK with Openai, a start -up that was founded with Sam Altman. Musk is currently trying to prevent the transition to Openai. The billionaire owner of XAI has made Openai’s for -profit transition to the center of a lawsuit against Openai. MUSK also submitted a $ 97 billion acquisition bid to Altman’s startup in February. Openai’s board of directors refused this idea immediately, but may have already increased the market price of Openai assets.
One of the main advantages that XAI has Openai and other startups is access to X. Many posts that X have accumulated for many years offer significant advantages in the competition of AI education data. X also offers a huge consumer app that can contact users to MUSK’s AI startups.
Musk has a history of blurring the boundaries between many of his companies, which had previously suffered legal difficulties. As XAI acquires X, the two are now one effectively one. And the movement suggests that the true value of X can be in developing a wider AI ambition of MUSK.
