The startup AI of Elon Musk acquires X in Deal which values ​​the social media platform at 33 billion dollars

Elon Musk said on Friday that his artificial intelligence startup, XAI, had acquired his social media platform, X.

He said the agreement was an All-Stock transaction which estimated X at 33 billion dollars.

“The future of Xai and X are intertwined. Today, we officially take the measure to combine data, models, calculation, distribution and talent”, Musk wrote in an article on X.

The agreement combines two of the most prominent companies in Musk, but as they are not listed on the stock market, no details on the agreement were made public outside the Musk post. It is not known if the agreement included an immediate windfall for musk.

X recently raised $ 1 billion from investors, enhancing it at $ 44 billion, according to Bloomberg. Musk took private X (then Twitter) in 2022 at almost the same evaluation. Musk was recently served with a dry assignment in the long -standing trial of the alleged incapacity of Musk to disclose his property on Twitter before asking to buy it entirely.

Linda Yaccarino, the CEO of X, republished Musk’s message adding: “The future could not be brighter.”

Musk launched XAI in 2023 and deployed Grok, a chatbot powered by AI similar to those of Openai, Google, Microsoft and many other AI companies. Since then, Grok has been infused in X, many users often asking him to respond to publications and weigh on the arguments.

Musk presented Grok as an AI of “alarm clock” which is “looking for the truth”, although it has proven to be disagreeing with him on many questions.

“This combination will unlock an immense potential by mixing the advanced capacity and expertise of XAI AI with the massive range of X,” wrote Must. “The combined company will offer smarter and more significant experiences for billions of people while remaining faithful to our central mission to seek the truth and advance knowledge.

In the wider boom of AI companies, the Musk XAI found the interest of investors. The main companies of Wall Street Blackrock, Fidelity, Morgan Stanley, Sequoia Capital and the best companies in Nvidia and AMD flea companies invested in XAI in December. This funding increased the value of the AI ​​company to $ 45 billion. Last month, the reports indicated that XAI envisaged another round of fundraising which would appreciate the company at $ 75 billion.

The precipitation to develop – and to invest in – AI ADC has included billions of dollars in plans to develop the computing power, the electrical infrastructure and the human capital necessary to develop increasingly powerful models capable of performing complex tasks. The money was paid into AI startups while the technology giants, including Google, Amazon and Meta, have announced significant spending plans for all that concerns AI.

Meanwhile, AI and Musk have become more political. Musk has become among the most prominent advisers of President Donald Trump’s advisers, and Trump made AI a campaign problem, promising to slow down the regulations. Just a few days after his second term, Trump signed an executive decree aimed at canceling Biden’s administration efforts to put guarantees on the development of AI while encouraging its growth.

Many AI and technology leaders as well as industry -aging technologists and dogs have warned of the implications of an AI arms race, especially since other countries, including China, push to direct technology.