Elon Musk says xai has acquired x

The startup of Elon Musk, XAI, acquired its social media platform X, formerly known as Twitter, in an agreement entirely in stock, he announced in a Posted on X Friday.

“XAI has acquired X in an All-Stock transaction,” said Musk. “The combination varies xai at $ 80 billion and X at $ 33 billion ($ 45 billion in debt of more than $ 12 billion).”

The billionaire owner of XAI – who also directs Tesla, Spacex and Neuralink – then described the future of the two companies as “intertwined”. He added: “Today, we officially cross the measure to combine data, models, calculation, distribution and talent.”

The Place X acquisition – The very influential social media platform that Musk bought in 2022 under his old name, Twitter – firmly under the aegis of the Startup of Musk’s AI, which he founded in 2023 to compete with Openai. While XAI’s products, including its AI Grok cat-cat, were closely integrated into the X platform before this agreement, Friday acquisition also combines two of the most prominent companies in Musk.

Musk notes in his article that this transaction values ​​X at 33 billion dollars (lowered by a business value of $ 45 billion due to the $ 12 billion in the company). Musk bought X for $ 44 billion in October 2022 and took it private. However, the evaluation has changed considerably in recent years. At a given time, loyalty Evaluated X at less than $ 10 billion.

In the months following the inauguration of President Donald Trump, for whom Musk campaigned to aggressively, X evaluation has increasedlargely because investors believe that it is more influential now. Musk said in his article on Friday that X now has more than 600 million active users.

Musk launched XAI in 2023 And has since reinforced the startup with the main researchers of the IAI of the Google Deepmind industry, Microsoft and Openai, and Build Massive AI data centers To catch up with other border AI developers. To feed these efforts, Musk has launched a historic fundraising campaign, including a Financing round of $ 6 billion in December which estimated the startup at $ 45 billion. According to Musk, XAI’s assessment is now even higher, $ 80 billion.

XAI has largely succeeded in his mad race to catch up with Openai, Google Deepmind and Anthropic. In February, The startup published Grok 3A model of border AI which is competitive with the main models of AI of industry on references measuring mathematics, sciences and coding.

But Xai’s successes did not prevent Musk from mingling with Openai, a startup he co -founded with Sam Altman. Musk is currently trying to thwart the transition from for profit – which she must accomplish to obtain future funding – in more than one way. The owner billionaire of Xai made For profit transition from Openai the centerpiece of his trial against Openai. Musk also submitted a redemption offer of $ 97 billion for the Altman startup in February, which the Openai board of directors quickly rejected, but it is already May have increased the price of the assets of OpenAi assets.

One of the main advantages that XAI has on Openai and other startups is its access to X. The big post body that X has accumulated over the years gives XAI a significant advantage in the race for AI training data. In addition, X gives Musk’s AI Startup a huge consumption application to reach users.

Musk has a story to blur the boundaries between its many companies, which has landed it in legal difficulty before. With XAI’s acquisition of XAI, the two are now actually one – and this decision suggests that the real value of X could reside in the progress of the wider ambitions of Musk IAM.