Why Elon Musk is merging his AI company xAI with his social media platform X

Why Elon Musk is merging his AI company xAI with his social media platform X

With this move – which is, in fact, a sale of X to xAI – Musk is banking on the synergies between his AI technologies and his platform's reach. He is also giving X back value equal to the $44 billion he paid to buy it, in 2022.

Elon Musk confirms $80 BILLION merger between X and xAI - 'Immense potential!'

Elon Musk's artificial intelligence company xAI has acquired his social media platform X in an all-stock transaction

Musk announces xAI has acquired X in an all-stock transaction - site valued at $33B · American Wire News

xAI, the company that created the artificial intelligence bot known as Grok, is now the proud owner of X, the social media platform. Elon Musk, the owner of both xAI and X, announced the change in ownership in a tweet published Friday. @xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading …

Elon Musk's xAI acquires X social media platform

The combination will unlock potential by blending xAI’s AI capability with X’s wide reach, says the South African-born tech billionaire.

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Elon Musk’s xAI Just Acquired Elon Musk’s X

Elon Musk’s oft-documented fondness for naming companies variations of “X” may have had its “Who’s on first?” moment this week with the announcement that xAI has acquired X, formerly known as Twitter. (This is not to be confused with the recent sale of Twitter’s old signage.) What does it mean for one Musk-owned company to acquire another — especially given that xAI’s Grok will already be familiar to users of the social network in question? What…