Elon Musk sold the social media site X to his own XAI artificial intelligence company in an All-Stock agreement of $ 33 billion, the billionaire announced on Friday.
The two companies are in private, which means that they are not required to disclose their finances to the public.
Musk declared in an article on X that the move “would unlock an immense potential by mixing the advanced capacity and expertise of the XAI AI with the massive scope of X”. He said that the agreement values XAI at $ 80 billion and X at $ 33 billion. Musk, who is CEO of Tesla and SpaceX as well as advisor to President Donald Trump, bought the site and then called Twitter for $ 44 billion in 2022, emptied his staff and changed his policies on hatred speech, disinformation and user verification and renamed it X.
He launched Xai a year later.
“The future of Xai and X are intertwined. Today, we officially take the measure to combine data, models, calculation, distribution and talents. This combination will unlock an immense potential by mixing the advanced capacity of XAI of XAI of XAI and expertise with the massive range of X”
It is not clear if the move will change anything for users of XAI already uses data from X Posts User to train its artificial intelligence models and the payment of XA access to your cat AI, Grok.
