By cryptoadmin 
Elon Musk's AI firm, xAI, has bought X, in accordance with a publish shared by Musk. Apart from their comparable names and proprietor, the businesses are already linked by way of xAI's chatbot Grok, which is built-in into X.
X was acquired by xAI by way 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 publish presents 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 firms, has been elevating cash as usually and as rapidly as potential. Combining the 2 firms, apart from the fuzzy potential advantages social media posts may have for coaching AI, helps ease among the debt that Musk took on taking Twitter personal. The billionaire pulled the same stunt in 2016 with Tesla, when the automotive 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