Elon Musk’s AI company buys social media platform X in blockbuster $33B stock deal

XAI has acquired XAI on the social media platform at Tech Billionaire in a wonderful deal of $ 33 billion.

The CEO of Tesla and Spacex announced the social media platform on Friday and said that the deal was a deal from all stocks that would open enormous potential by mixing the advanced AI’s capacity from Xai with access to the enormous X.

He said that the mixture is estimated at 80 billion dollars and X at 33 billion dollars, or 45 billion dollars less than its debts of $ 12 billion.

In this photo illustration, the Xai logo that was seen on a smartphone is shown with the official Elon Musk’s official profile, for the X social network in the background. XAI acquired the social media platform at Tech Billionaire in a wonderful deal (Jaque Silva/SOPA Images/Lightrockket via Getty Images/Getty Images)

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Musk, the richest man in the world, X, formerly known as Twitter, bought $ 44 billion in 2022 to decrease the censorship on the platform while it is also mentioned that he was not exploited.

“The joint company will provide more intelligent and meaningful experiences for billions of people while preserving our basic mission of searching for truth and progressing in knowledge,” Mousse wrote.

“This will allow us to build a platform that does not only reflect the world, but also speeds up the activity of human progress.”

It has been written that X is the Digital City Square, with more than 600 million active users to find the source of the truth in the actual time.

“In the past two years, it has turned into one of the most efficient companies in the world, which put it in a developmentable future growth.”

The pioneering xi product is GROK, which is Chatbot, which is already integrated into X for distinguished subscribers. It is supposed to compete with other Chatbots such as ChatGPT, which is made by Openai. Xai is also competing with Gewing’s Gemini and Clauds’s Claude.

In December 2024, Musk asked the court to stop Openai-Chatgpt-maker from moving to a profitable entity, Reuters said. (Chesnot / Getty Images / Getty Images)

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Musk participated in the founding of Openai in 2015 alongside Sam Altman, Ilya Sutskever, Greg Brockman and others, but they are divided from the company in early 2018 after failing to secure control of the company as a majority and executive director. He later tried to persuade her founders to integrate her with Tesla.

Musk then established Xai in March 2023, and recently raised $ 10 billion in a $ 75 billion financing round, according to a media report. Xai launched the new Chatbot Grok-3 last month.

In December 2024, Musk asked the court to stop Openai-Chatgpt-maker from moving to a profitable entity, Reuters said.

The pioneering xi product is GROK, which is Chatbot, which is already integrated into X for distinguished subscribers. (Photography Jakub Porzycki / Nurphoto via Getty Images / Getty Images)

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With the intensification of competition in artificial intelligence, Xai increased its ability to train the data center to train more advanced models, and the super computers group in Memphis, Tennessee, which is called “Colossus”, as the largest in the world.

The X platform can distribute Xai products, while providing actual time nutrition for user reflections, screen and other data.

Reuters contributed to this report.