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Elon Musk's AI company, xAI, has acquired the social media platform X in a $33 billion all-stock deal, valuing xAI at $80 billion. Musk aims to merge xAI's advanced AI capabilities with X's extensive user base to enhance user experiences and promote human progress. The acquisition follows Musk's previous purchase of X for $44 billion in 2022, and xAI's flagship product, Grok, is already integrated into the platform for premium subscribers.
Elon Musk and OpenAI are set to fast-track their legal dispute over the organization's transition to a for-profit model, with a trial scheduled for December. Musk's attempt to halt this shift was denied, and both parties have postponed deciding whether the case will be settled by a judge or jury. Musk, who co-founded OpenAI in 2015, claims the transition deviates from its original mission, while OpenAI argues that Musk's actions are aimed at benefiting his rival company, xAI.
Trump spokesperson Karoline Leavitt defended the Stargate AI infrastructure project, claiming it will create at least 100,000 jobs and attract up to $500 billion in investments. In contrast, Elon Musk questioned the project's funding, asserting that SoftBank has less than $10 billion secured. OpenAI CEO Sam Altman countered Musk's doubts, emphasizing the project's benefits for the country.
OpenAI co-founder Greg Brockman has returned as president after a three-month sabbatical, announcing his comeback on X. His return follows a turbulent period for the company, marked by executive departures and controversies over its shift to a for-profit model. Notably, several key figures, including CTO Mira Murati and research chief Bob McGrew, have left OpenAI amid these changes.
Greg Brockman
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Elon Musk's xAI acquires social media platform X in 33 billion deal
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