In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.

Summary

Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.

Musk stated the merger will combine AI expertise with X’s broad reach.

xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.

  • SeaJ@lemm.ee
    15·
    4 days ago

    He essentially did the same thing with Solar City a decade ago. Although that was “owned” by his cousins and he bailed them out with by buying it for a few billion.