xAI, Elon Musk's AI firm, simply bought X, Elon Musk's social media firm

Elon Musk’s AI firm, xAI, has bought X, according to a post shared by Musk. Moreover their comparable names and proprietor, the businesses are already related by means of xAI’s chatbot Grok, which is built-in into X.

X was acquired by xAI by means of 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 put up 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 change into one of many main AI labs on the earth, 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 corporations, has been raising money as usually and as rapidly as potential. Combining the 2 corporations, in addition to the fuzzy potential advantages social media posts may have for coaching AI, helps ease among the debt that Musk took on taking Twitter non-public. The billionaire pulled the same stunt in 2016 with Tesla, when the automobile 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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