xAI, a company founded by Elon Musk in 2023, has announced the acquisition of the social platform X, formerly known as Twitter. The deal was structured as a share swap, valuing xAI at eighty billion dollars and X at thirty-three billion dollars, including twelve billion dollars in debt. Musk noted that this combination would allow the two companies to unite their data, models, computing resources, and talent.
xAI, which is actively developing artificial intelligence, has already integrated its products, including the chatbot Grok, into the X platform. This merger aims to further strengthen xAI’s position in competition with companies like OpenAI.
Elon Musk, who also leads Tesla, SpaceX, and Neuralink, launched xAI to compete with leading AI developers. Thanks to access to the vast amount of data accumulated by X, xAI has gained a significant advantage in the race to train AI models.
