Elon Musk has officially sold X (formerly Twitter) to his company xAI in a $33 billion deal. The transaction brings X and xAI under one corporate umbrella, opening possibilities for AI integration.
Deal Details
The deal values xAI at $80 billion and X at $33 billion. Musk noted that including X's $12 billion debt, its overall valuation reaches $45 billion. Both firms remain private and are not obliged to disclose financial information.
Impact on X Platform
There are no immediate changes for X users. xAI is already using X's data to train its AI models, and further integration of AI into X might occur, leveraging the platform's potential.
Future of xAI and Musk's Ambitions
Since its inception in 2023, xAI has grown rapidly and become a notable competitor to OpenAI. Musk aims for leadership in the AI industry and plans to expand xAI’s supercomputer, Colossus, to enhance AI development.
The merger of X and xAI under Elon Musk's leadership opens new horizons in AI development. Integrating technologies from both companies could accelerate AI adoption and provide new opportunities for users.
