Become A Wiser, More Profitable Investor

Elon Musk sells X to his own AI company for $33 billion

business

Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly known as Twitter.The deal could also help xAI's ability to train its chatbot known as Grok."xAI and X's futures are intertwined," Musk, who also heads automaker Tesla and SpaceX, wrote in a post on X: "Today, we officially take the step to combine the data, models, compute, distribution and talent." He said the combination values "xAI at $80 billion and X at $33 billion ($45B less $12B debt)."Representatives for X and xAI did not immediately respond to requests for ...

Jerusalem Post     Mar 29, 2025