Elon Musk says Xai acquired X

The artificial intelligence startup of Elon Musk, XAI, has acquired its social media platform x, previously known as twitter, in an agreement of the entire stock, announced in a <a target="_blank" href="https://x.com/elonmusk/status/1905731750275510312″ target=”_blank” rel=”noreferrer noopener nofollow”>Publish on x Friday.

“XAI has acquired x in a transaction of the entire stock,” Musk said. “The combination values ​​XAI to $ 80 billion andx $ 33 billion ($ 45b less debt of $ 12b)”.

Musk described the future of the two companies as “intertwined.” He added: “Today, we officially take the step to combine the data, models, calculators, distribution and talent.”

The acquisition places x, the highly influential social networks platform that Musk bought in 2022 under its previous name, twitter, firmly under the umbrella of the Musk's startup, which he founded in 2023 to compete with Openai. While Xai products, including their ai Chatbot Grok, were closely integrated into the x platform before this agreement, Friday's acquisition combines two of Musk's high profile companies even more.

According to publications, including the Wall Street Journal, the actions of x and XAI will be <a target="_blank" rel="nofollow" href="https://www.wsj.com/tech/musk-merges-his-ai-company-with-x-claiming-combined-valuation-of-113-billion-4a8f2263″>exchanged for shares of a new company holder

Musk, which also leads Tesla, Spacex and Neuralink, points out in its publication that this agreement values ​​x to $ 33 billion (reduced from a business value of $ 45 billion due to the debt of $ 12 billion of the company). Musk originally bought x for $ 44 billion in October 2022 and took it private. However, the valuation has revolved dramatically in recent years. At one point, Fidelity valued x in less than $ 10 billion.

In the months elapsed since the inauguration of President Donald Trump, for whom Musk campaigns aggressively and for whom Musk now serves as a special advisor who leads Doge's assessment, the valuation of x has increased, in large part because investors believe that the platform is now more influential now. Musk said on Friday that x has more than 600 million active users.

Musk launched XAI in 2023 and since then has reinforced the startup with researchers from the leaders of the Google Deepmind, Microsoft and OpenAi industry, and has built the huge data centers necessary to catch up with other border -border developers. To feed these efforts, Musk has made a historical fundraising campaign, including a financing round of $ 6 billion in December that valued the startup at $ 45 billion. According to Musk, Xai's valuation is now even higher, at $ 80 billion.

Xai has succeeded in her crazy career to catch up with Openai, Google Deepmind and Anthrope. In February, the startup launched Grok 3, a border model that is competitive with the main models of the industry in reference points that measure mathematics, science and coding.

But Xai's successes have not prevented Musk from being entrusted with Openai, a startup that co -founded with Sam Altman. Currently, Musk is trying to frustrate Openai's profit transition, which needs to be completed to ensure future financing, in more than one sense. XAI's billionaire owner has turned the OpenAi profit transition into the centerpiece of his demand against Operai. Musk also presented an acquisition offer of $ 97 billion for the Altman startup in February. The OpenAi Board quickly rejected the idea, but the market price of OpenAi assets may have increased.

One of the main advantages that XAI has over OpenAI and new companies is its access to x. The great 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 great consumption application to reach users.

Musk has a story to blur the lines among its many companies, which has led it to legal problems before. With the acquisition of Xai x, the two are now effectively one, and the movement suggests that the true value of x may be in the advance of the most wide Musk's ambitions.

This story has been updated with additional details about the structure of the agreement.