PYMNTS.com March 30, 2025
Elon Musk’s artificial intelligence (AI) company has acquired his social media platform in a multibillion-dollar deal.
The deal, announced by Musk Friday (March 28), values his xAI at $80 billion and X, the social media platform once known as Twitter, at $33 billion ($45 billion minus $12 billion in debt).
“xAI and X’s futures are intertwined,” Musk wrote in a post on the social media site. “Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
According to Musk, X now has 600 million active users. Data from those users has been used to train Grok, xAI’s...
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