In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.

Summary

Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.

Musk stated the merger will combine AI expertise with X’s broad reach.

xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.

  • ExLisperA
    1·
    2 days ago

    It went up after the election. Last valuation was back to $44B. It not about Twtter’s valuation, it’s about Tesla stock price. I don’t understand the scam but I’m pretty sure he had to refinance his loan somehow because Tesla stock dropped.