Elon Musk sold the social media site X to his own IA XAI company for $ 33 billion

Billionaire Elon Musk Announced Friday that it sold the social media site X, formerly known as Twitter when it bought it more than two years ago, from its own artificial intelligence company (AI) XAI in an All Stock agreement of $ 33 billion (30.5 billion euros).

The two companies are in private, which means that they are not required to disclose their finances to the public.

Musk, who is also the head of the astronautical company SpaceX and the car manufacturer Tesla, said in an article on X that this decision “would unlock immense potential by mixing the advanced capacity and expertise of XAI AI with the massive scope of X”.

“The future of Xai and X are intertwined. Today, we are officially measured to combine data, models, calculation, distribution and talents,” published Musk.

“The combined company will offer smarter and more significant experiences to billions of people while remaining faithful to our central mission to seek the truth and advance knowledge,” he added.

Musk said that the agreement values ​​XAI at $ 80 billion (74 billion euros) and X at 33 billion dollars (30.5 billion euros).

Ambitions for XAI

The South African technology magnate, which is also advisable to President Donald Trump, head of the unofficial Doge department, Bought the site Then called Twitter for $ 44 billion (40 billion euros) in 2022, emptied its staff and changed its policies on hatred speech, disinformation and user verification and renamed it X.

He launched xai A year later.

“Since its foundation two years ago, XAI has quickly become one of the main Laboratories of AI in the world, building models and data centers at an unprecedented speed and scale,” wrote Musk on X.

Musk announced in December that the AI ​​start-up would broaden its “ Colossus ” supercomputer in order to take competitors like Openai, increasing the number of graphic treatment units (GPU) in order to develop new IA models at faster rates.

It is not clear if the move will change anything for users of XAI already uses data from X User publications to train its AI models and the payment of X has access to your chatbot AI, Goer.