@xAI has acquired @X in an all-stock transaction. The mixture values xAI at $80 billion and X at $33 billion ($45B much less $12B debt).
Since its founding two years in the past, xAI has quickly grow to be one of many main AI labs on this planet, constructing fashions and knowledge facilities at…
— Elon Musk (@elonmusk) March 28, 2025
“xAI and X’s futures are intertwined. At this time, we formally take the step to mix the info, fashions, compute, distribution and expertise. This mixture will unlock immense potential by mixing xAI’s superior AI functionality and experience with X’s huge attain. The mixed firm will ship smarter, extra significant experiences to billions of individuals whereas staying true to our core mission of in search of fact and advancing data. It will enable us to construct a platform that doesn’t simply mirror the world however actively accelerates human progress.”-Elon Musk
At this time’s transaction comes about six weeks after Musk provided to purchase OpenAI, the AI R&D firm that owns ChatGPT, for $97.4 billion. Sam Altman, CEO of OpenAI, swiftly turned down the bid.
AI stays the most popular sector in tech and Musk has huge plans for xAI. Making a deal that will increase the corporate’s valuation is likely to be a part of one thing huge that the multi-billionaire is planning. The startup firm created giant language mannequin (LLM) chatbot GrokAI that’s accessible to X customers.
