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Elon Musk's AI startup, xAI, has acquired his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt. This merger aims to combine resources and enhance AI capabilities, leveraging X's extensive user data. Musk's acquisition reflects his strategy to integrate his companies, furthering his ambitions in the AI sector.
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's xAI has acquired the social media platform X for $33 billion, consolidating his power across multiple ventures. The all-stock deal, which values xAI at $80 billion, aims to enhance the integration of data and AI models, particularly for Musk's Grok chatbot. Despite the merger, details on investor compensation and leadership integration remain unclear, while Musk faces ongoing legal challenges related to his previous Twitter acquisition.
Elon Musk's AI company, xAI, has acquired his social media platform X in a $33 billion all-stock deal, which includes $12 billion in debt. This merger aims to combine xAI's advanced AI capabilities with X's extensive user base of approximately 611 million monthly active users, enhancing the platform's ability to foster human progress. Musk, who founded xAI in March 2023, emphasizes the potential of this integration to deliver smarter experiences while remaining committed to truth and knowledge advancement.
Elon Musk has sold his social media platform, X, to his AI company, xAI, for $33 billion, a significant drop from his 2022 purchase price but an improvement from its recent low valuation. Musk stated that the merger will enhance both companies by integrating AI capabilities with X's extensive reach. Despite past controversies and advertiser departures, major brands like Amazon and Apple are reportedly returning to X, contributing to a rebound in its fortunes.
Elon Musk announced that his 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 emphasized the merger's potential to combine AI capabilities with X's extensive reach, while xAI's Grok chatbot is already integrated into the platform. This move follows Musk's acquisition of Twitter for $44 billion in 2022 and his ongoing efforts to compete with major AI players like OpenAI and Google.
The Israeli tech sector demonstrated resilience in 2024, raising over $10 billion and achieving exits of $13 billion. This momentum carried into 2025, with startups securing more than $620 million in January, a 30% increase from the previous year, driven by strong investor sentiment and significant global interest, particularly in cybersecurity. Industry leaders anticipate continued growth and innovation despite geopolitical tensions.
Elon Musk's xAI is partnering with Microsoft and others on a $30 billion data center project, solidifying its position in the competitive AI landscape. Despite challenges in producing accurate chatbot responses, xAI aims to leverage its integration with X to differentiate its Grok chatbot. The venture raises questions about energy sourcing and job impacts, as Musk's ties to the Trump administration bolster funding opportunities amidst a rapidly evolving AI infrastructure race.
The current market landscape is characterized by significant crosscurrents, with notable disparities in performance across sectors. While Alibaba has surged 74%, NVIDIA experienced a substantial market cap decline, reflecting a complex environment where primary capital markets are thriving despite broader volatility. Morgan Stanley's integrated approach focuses on capital allocation across various client segments, enhancing value through a robust workplace business that has expanded client relationships significantly.
Elon Musk and Sam Altman have agreed to a trial starting December 8 to resolve disputes over OpenAI's shift to a for-profit model, which Musk claims breaches prior agreements. Musk argues this change could cause "irreparable harm" to his competing AI venture, xAI, and seeks to include claims regarding OpenAI's duties as a charitable trust and contract violations. The judge overseeing the case has indicated that part of the dispute will go to trial, with some claims potentially extending to 2027 or 2028.
Sam Altman
People
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xAI acquires social media platform X in all stock deal
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