Elon Musk's AI starting Xai, got his platform on social media X, formerly known as Twitter, in an all-stock deal, he announced at A Post on X Friday.
“Xai got X in an all-stock transaction,” Musk said. “The Xai combination values at $ 80 billion and X at $ 33 billion ($ 45b less $ 12B debt).”
Musk went to describe the futures of the two companies as “interrelated.” He added, “Now, we officially take the step to combine data, model, calculation, distribution and talent.”
The acquisition areas are X – the highly influential social media platform purchased in 2022 under its former name, Twitter – firmly under the umbrella of Musk's AI's Ai, which he established in 2023 to compete with Openai. While Xai's products, along with the AI Chatbot Grok, were strictly integrated with the X platform before this deal, taking Friday further combining two of the highest Musk companies.
Musk – which also leads to Tesla, Spacex, and Neurink – notes in his post that this deal will appreciate the X for $ 33 billion (lowered from a business value of $ 45 billion due to the company's $ 12 billion). Musk was originally purchased X for $ 44 billion in October 2022 and took it privately. However, the appreciation has noted in recent years. At some point, honesty Appreciate X for less than $ 10 billion.
In the months since President Donald Trump's inauguration – to whom the Musk was aggressively campaigning and to whom the Musk served under a special advisor to the top Doge – X's appreciation is risingAbove all because platform investors believe it is more influential today. Musk said in his post on Friday that X had more than 600 million active users.
Musk was launched Xai in 2023 And since the start of the start with the leading AI researchers from Google Deepmind, Microsoft, and Openai, and Built the massive AI data centers To meet with other Frontier AI developer. In order to refuse these efforts, Musk has lost a historical fundraising campaign, including a $ 6 billion funding in December worth starting at $ 45 billion. According to Musk, Xai's appreciation is now higher, at $ 80 billion.
Xai was more successful in this furious to meet with Openai, Google Deepmind, and Anthropic. In February, Startup has released GROK 3A border AI model competitive with the leading AI models of the industry on benchmarks that measure math, science, and coding.
But Xai's successes did not stop muscle from contact with Openai, a start that he established with Sam Altman. Musk is currently trying to prevent the for-profit transfer of the Openo-which it needs to be completed to secure future funding-in more ways than one. The owner of the billionaire of Xai made Openai's For-Profit Transition the center of his lawsuit against Openai. Musk also submitted a $ 97 billion removal of the bid for Altman's start in February, which was immediately rejected by the Openai Board, but this is Market price may be driven for Openai possessions.
One of the main advantages that XAI is more than Openai and other startups is accessing X. The large body of posts that have accumulated by X in recent years has given Xai a significant race advantage for AI training data. Plus, X Musk's AI startup gives a large consumer app to reach users.
Musk has a history of blurring lines between many companies, with He went to the legal problem before. With Xai's acquisition of X, the two are effective now – and the move suggests that the true value of X can lie in the advancement of Musk's greater AI ambition.
