Elon Musk’s AI firm, xAI, has officially acquired social media platform X for $33 billion. Learn how this merger impacts AI development and the future of X.
Elon Musk’s artificial intelligence company, xAI, has completed the acquisition of the social media platform X (formerly Twitter) for $33 billion. This strategic move strengthens Musk’s influence in the tech industry, alongside Tesla and SpaceX.
The deal, which includes all shares, was announced on Friday. By merging xAI and X, Musk aims to enhance AI capabilities, particularly for his chatbot, Grok. In a post on X, Musk confirmed the transaction, stating that the two companies will integrate their data, computing power, and talent. The acquisition values xAI at $80 billion and X at $33 billion, factoring in $12 billion in debt.
However, key details remain unclear, including how investors will be compensated and how X’s leadership will fit into the new corporate structure.
Analysts describe this move as unexpected but suggest it could mark the end of an uncertain phase for X. Musk, currently the world’s richest man, continues expanding his footprint in technology and U.S. politics, shaping major innovations and policy discussions.
