The artificial intelligence company of the billionaire of Elon Musk technology acquired its social media company X, formerly known as Twitter, for $ 33 billion (30.5 billion euros).
Musk announced the transaction in an article on X, saying: “The combination varies xai to $ 80 billion and X at $ 33 billion ($ 45 billion in 12 billion dollars).”
What Musk said on the agreement?
“The assets of Xai and X are intertwined,” he wrote. “Today, we officially cross the measure to combine data, models, calculation, distribution and talents. This combination will unlock immense potential by mixing the advanced capacity and expertise of XAI AI with the massive range of X.”
A large part of the details of the agreement remained clear. The two companies are in private, they are therefore not required to disclose their finances to the public.
It is not clear either if the move will change anything for users of X.
Musk bought X, then called Twitter, for $ 44 billion in 2022.
After the acquisition, he dismissed most of its staff and changed its policies on content moderation and user verification, and renamed it X. The controversial content policies prompted advertisers to flee the platform and caused a rapid drop in income.
Intensification of the AI competition
Musk launched Xai a year later.
In February, XAI presented Grok-3, the last iteration of his chatbot, while he tries to compete with the Chinese company of IA Deepseek and Openai supported by Microsoft, the Chatgpt manufacturer.
In the middle of the intensification of competition in AI space, XAI has also increased its data center capacity to form more advanced models.
Musk also attempted $ 97.4 billion with a consortium to acquire Openai in February.
But the offer was rejected.
Musk, the richest man in the world who is CEO of Tesla and SpaceX, has become a powerful figure in Washington since Donald Trump returned to the White House.
He oversees the efforts to reduce administration’s costs as a chief of the so-called Ministry of Government efficiency, or DOGE.
Published by: John Silk
