Elon Musk has announced that his artificial intelligence company, xAI, has acquired his social media platform X, formerly known as Twitter. This move signifies a further integration of resources and strategies between the two companies.
Read Also...:
The Bottom Line - Decisions That Made Me: Julian Metcalfe (Itsu and Pret A Manger) - BBC Sounds
03-31, 2025
Free Thinking - The Middle Classes
03-31, 2025
The people who turned public toilets into homes and businesses
03-31, 2025
Why are Morrisons and Sainsbury's cafes closing?
03-31, 2025Musk stated on the X platform on Friday that the all-stock transaction values xAI at $80 billion and X at $33 billion. It is worth noting that Musk acquired Twitter in 2022 for $44 billion, demonstrating the fluctuating valuations in the tech landscape.
"The future of xAI and X are deeply intertwined," Musk wrote on X. "Today, we are formally taking action to combine data, models, compute, distribution, and talent." This action may be intended to protect investors and prevent them from suffering losses on their investments in X, solidifying confidence in the platform's future.
Both X and xAI are private companies with some major investors in common and share important resources. xAI has already used data from X social media posts to train its models, and its chatbot Grok is a prominent feature on the platform, showcasing the synergy between the two entities.
PP Foresight founder and analyst Paolo Pescatore said, "This move seems sensible given the current trend of increasing investment in artificial intelligence, data centers, and computing." Musk added, "The combined company will provide a smarter, more meaningful experience for billions of people, while staying true to our core mission of seeking truth and advancing knowledge," highlighting the long-term vision for the integrated organization.
