Elon Musk announced the sale of the social network X to his company xAI, highlighting the intent to merge technology and audience.
The Deal Between X and xAI
Last week, Elon Musk announced on his X platform the sale of this social network to his company xAI. This transaction is valued at $33 billion and includes $12 billion in debt. This move enables the integration of xAI's Grok chatbot, which is already operating on the X platform.
Political and Economic Factors
The reorganization occurs as Musk takes on the role of head of the Department of Government Efficiency in the Trump administration. This strengthens his ambitions to become a leading player in artificial intelligence. The X platform has regained major advertisers like Amazon and Apple, boosting its value.
Impact on the AI Market
The merger of X and xAI strengthens Musk's position in the AI sector. The combination is projected to reach a valuation of $80 billion, reflecting X's recovery from its decreased valuation. This move advances Musk's influence in AI, a priority for the Trump administration.
The merger of X and xAI demonstrates Elon Musk's strategic initiative in artificial intelligence, strengthening his business and political standing.
