Elon Musk says xAI acquired X

Elon Musk’s Ai, Xai, the X-known social media platform, announced in the TWTTER, in the All-Stock deal, at the X Frica Day Publishing.

Musk said, “I have gained Xai X in the All-Stock deal,” Mousse said. “The Xai Mix is ​​estimated at $ 80 billion and X at 33 billion dollars ($ 45 billion less than $ 12 billion).”

Musk continued to describe the two companies’ futures as “interlocking”. He added: “Today, we take the step officially to integrate data, models, account, distribution and talent.”

X acquisition places – the highly influential social media platform that Musk bought in 2022 under its previous name, Twitter – firmly under the umbrella of AI Musk, which he founded in 2023 to compete with Openai. While Xai products, including Ai Chatbot Grok, were tightly combined on the X platform before this deal, the acquisition on Friday also combines the most amazing Musk companies in Musk.

According to posts including The Wall Street Journal, X and Xai shares will be exchanged for a new holding company called Xai Holdings Corp.

Musk – who also leads Tesla, Spacex and Neuralink – is also noted that this deal is estimated at $ 33 billion (decreased from the value of the institution of $ 45 billion due to the debts of the company of $ 12 billion). Musk originally bought x for $ 44 billion in October 2022 and took it especially. However, the evaluation has been greatly swing in recent years. At one point, Federation X is estimated at less than 10 billion dollars.

In the months of the opening of president Donald Trump – whom the musk carried strongly and which Musk is now working as a special adviser to Dog – the X rating has increased significantly because investors believe the platform is now more influential. Musk said on Friday that X has more than 600 million active users.

Musk XAI was launched in 2023, and since then has enhanced the startup with researchers from the leading artificial intelligence in the industry of Google DeepMind, Microsoft and Openai, and have built the huge artificial intelligence centers needed to catch other developers of artificial intelligence. To provide these efforts, Musk made a historic fundraising campaign, including a $ 6 billion financing round in December, which amounted to the start of the starting start of $ 45 billion. According to Musk, the Xai rating is now higher, reaching $ 80 billion.

Xai has greatly succeeded in its madness to catch Openai, Google DeepMind and Noteropic. In February, the Grok 3, an Amnesty International model, has released a competition with the leading artificial intelligence models in the industry for the standards that measure mathematics, science and coding.

But Xai’s successes did not prevent Musk from interfering with Openai, an emerging company that he participated in with SAM Altman. Musk is currently trying to thwart Openai’s transfer-which needs to be completed to secure future financing-in more than one way. The billionaire owner of Xai has moved to Openai’s transfer of the propaganda axis against Openai. Musk also made a $ 97 billion acquisition of Altman in February. Openai’s panel rejected the idea immediately, but it may have paid the market price for Openai assets.

One of the main advantages that Xai on Openai and other startups is its access to X. A large group of posts that X has accumulated over the years gives Xai a great advantage in the artificial intelligence training data race. Moreover, X gives Musk AI a large application for consumers to access users.

Musk has a history of lack of clarity of the lines among his many companies, which have fallen into a legal problem before. With Xai gaining X, the two are now effective – and the step indicates that the true value of X may lie in the advancement of AI’s wider ambitions in Musk.

This story was updated with additional details about the structure of the deal.