Elon Musk in the present day stated he has merged X and xAI in a deal that values the social community previously referred to as Twitter at $33 billion. Musk bought Twitter for $44 billion in 2022.

xAI acquired X “in an all-stock transaction. The mix values xAI at $80 billion and X at $33 billion ($45B much less $12B debt),” Musk wrote on X today.

X and xAI had been already collaborating, as xAI’s Grok is trained on X posts. Grok is made out there to X customers, with paying subscribers getting larger utilization limits and extra options.

“xAI and X’s futures are intertwined,” Musk wrote. “As we speak, we formally take the step to mix the information, fashions, compute, distribution and expertise. This mixture will unlock immense potential by mixing xAI’s superior AI functionality and experience with X’s large attain.”

Musk stated the mixed firm will “construct a platform that does not simply replicate the world however actively accelerates human progress.”

xAI and X are privately held. “Among the deal’s specifics weren’t but clear, resembling whether or not traders authorized the transaction or how traders could also be compensated,” Reuters wrote.

The reported worth of the corporate previously referred to as Twitter plunged below Musk’s possession. Constancy, an X investor, valued X at less than $10 billion in September 2024. However X’s worth rebounded at the same time that Musk gained main affect within the US authorities with the inauguration of President Donald Trump.

On the AI entrance, Musk has additionally been making an attempt to buy OpenAI and prevent the company from finishing its deliberate conversion from a nonprofit to for-profit entity.