The beginning of that of Elon Musk, Xai, has won his social media platform X, previously known as Twitter, in a comprehensive deal, he announced in a post on Friday.
“Xai has won X in a versatile transaction,” Musk said. “The combination estimates XAI with $ 80 billion and X with $ 33 billion ($ 45b less owed $ 12b).”
Musk continued to describe the future of two companies as “intertwined”. He added, “Today, we officially take the step to combine data, models, calculation, distribution and talent.”
Purchase X Plants – Highly influential platforms on social media Musk bought in 2022 under his former name, Twitter – strongly under the umbrella of Musk’s start, which he founded in 2023 to compete with Openai. While Xai’s products, including the Chatbot Grok, were strongly integrated into the X platform before this deal, Friday’s purchase further combines two of Musk’s highest profile companies.
Musk – who also runs Tesla, Spacex and Neuralralk – notes in his post that the deal estimates X at $ 33 billion (sitting from a $ 45 billion company due to $ 12 billion debt). Musk initially bought X for $ 44 billion in October 2022 and got it private. However, the rating has been dramatically shaking in recent years. At one point, Fidelity valued X with less than $ 10 billion.
In the months since President Donald Trump’s inauguration – for whom Musk campaigned aggressively and for whom Musk now serves under a special adviser leading DOGE – X estimation has been raised, mainly because investors believe the most influential platform now. Musk said in his post on Friday that X has more than 600 million active users.
Musk began Xai in 2023 and has since increased the start with researchers of industry leaders from Google Deepmind, Microsoft and Openai, and built the massive data centers needed to capture with other border developers. To promote these efforts, Musk has gone to a historic fundraising campaign, including a $ 6 billion funding round in December that rated $ 45 billion. According to Musk, Xai’s rating is now even higher, at $ 80 billion.
Xai has been mostly successful in her crazy ram to catch Openai, Google Deepmind and Anthropic. In February, the beginning released Grok 3, a border model that is competitive with the main models of that of industry in the standards that measure mathematics, science and coding.
But Xai’s successes have not stopped Musku from interfering with Openai, a start he founded with Sam Altman. Musk is currently trying to disrupt the profitable transition of Openai who must meet to secure future funds-in more ways than one. The owner of the Xai billionaire has made Openai’s lucrative transition at the center of his lawsuit against Openai. Musk also presented an offer to get $ 97 billion for Altman’s start in February. The Openai Board immediately rejected the idea, but he may have already prompted the market price for Openai’s assets.
One of the main advantages Xai has over Openai and other beginnings is his approach to X. The big body of posts X has accumulated over the years Xai gives him a significant advantage in his training data race. Further, X gives that to the onset of Musk a large consumer app to reach the users inside.
Musk has a history of blurred lines among many of his companies, which has descended it into legal trouble before. By purchasing X of X, both are now effective one – and the mass suggests that the true value of x can stand to advance the wider ambitions of the musk.
