Elon Musk announced that xAI has acquired the social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. Musk emphasized the synergy between both companies, stating that the integration of xAI’s advanced AI technologies with X’s extensive user base would provide smarter, more impactful experiences. He highlighted the importance of this merger in advancing truth and knowledge while acknowledging the dedication of both teams. The spokesperson for X refrained from commenting, indicating this is an ongoing situation that might evolve further.
The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt) and will blend advanced AI capability with massive reach.
Today, we officially take the step to combine data, models, compute, distribution and talent, unlocking immense potential for smarter experiences to billions.
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