Elon Musk said Friday that his AI startup, XAI, had acquired its social media platform, X.
Musk said the agreement was a transaction of the entire stock that valued X at $ 33 billion.
“The futures of Xai and X are intertwined. Today, we officially take the step to combine the data, models, calculators, distribution and talent,” Musk wrote.
X recently raised $ 1 billion of investors, valuing it at $ 44 billion, according to Bloomberg. Musk took X (then Twitter) privately in 2022 in almost the same assessment.
Musk launched Xai in 2023 and launched Grok, a chatbot similar to those of Operai, Google, Microsoft and many other AI companies. Since then, Grok has infused X, and many users often ask him to respond to publications and intervene in the arguments.
Musk has announced to Grok as an anti-“awakened” AI that is “seeking the truth”, although it has been found that he does not agree with him on many issues.
“This combination will unlock immense potential by combining Xai’s advanced capacity and experience with the massive reach of X,” Must wrote. “The combined company will offer more intelligent and significant experiences to billions of people while staying faithful to our main mission to seek truth and advance knowledge. This will allow us to build a platform that not only reflects the world but actively accelerates human progress.”
Amid the broader boom in IA companies, Musk’s XAI has found investors’ interest. The main companies of Wall Street Blackrock, Fidelity, Morgan Stanley, Capital Sequoia and the main Nvidia and AMD chips companies invested in XAI in December. This financing brought the value of the AI company to $ 45 billion. As recently as last month, the reports said Xai was considering another fundraising round that would value the company at $ 75 billion.
This is a development history. Consult the updates again.
