Elon Musk says xAI acquired X

Elon Mask’s AI Startup, Joy has earned his social media platform X, which was previously known as Twitter, in an all-stalk agreement, he announced in one X posted on FridayThe

“Jai has earned X in an all-string transaction,” Kasturi said. “The price of the combination is at $ 80 billion and XAI at $ 33 billion (45b less than $ 12B debt o).”

The musk went to describe the future of two companies as “involving”. He added, “Today, we officially take steps to combine data, models, counts, distribution and talent.”

The place of acquisition is X -2022, his previous name under Twitter, a very influential social media platform musk was purchased – Musc, under the umbrella of Kasturi’s AI startup, which he founded in 2023 to compete with the Open. Although Jai’s products, including AI Chatbot Grock, were integrated on the X platform before this deal, Friday’s acquisition further combines two high-profile companies of the musk.

According to the publication with Wall Street Journal, the shares of X and Jai will be The exchange of shares of a new holding company Jai Holdings is known as corporation. The WSJ also said that the executives of both companies believed that it would be easier to raise money for the united entity.

Kasturi – who also leads Tesla, SpaceX and Neuralink – in his post notes that this deal is the price of X 33 billion ($ 45 billion $ 45 billion in the company’s $ 45 billion enterprise price) is priced at X 33 billion). The musk originally bought X44 billion $ in October 2022 and took it private. However, in recent years the evaluation has been dramatically submerged. At one point, loyalty X at less than $ 10 billionThe

In months since President Donald Trump’s inauguration – for which Kasturi was aggressively campaigning and for whom Kasturi is now serving as a special adviser – The evaluation of the x has increasedBasically because investors now believe in the platform more dominant. In his post on Friday, Kasturi said that X had more than 600 million active users of X.

The musk has been turned on Jai in 2023 And since then Google has begun with Dipmind, Microsoft and OpenA.A. And from the art-leading AI researchers Made of huge AI data center Other border AI needs to be caught with developers. In order to increase these efforts, the musk has gone to a historic tihasik fundraising campaign, including a $ 6 billion funds in December that gives startup the price of $ 45 billionThe According to the musk, Jai’s evaluation is now more, $ 1 billion.

Jai has been successful in most cases in his crazy dash in contact with Open, Google Dipmind and anthropology. In February, Startup published Grock 3A Frontier AI model that is competitive with the top AI models of the industry in mathematics, science and coding measurements.

However, Jai’s success did not stop the musk from interfering with the Openai, he was a startup with Sam Altman. Kasturi is currently trying to fail the profitable transition of the Openai-which needs to be completed to secure future funds-in more ways. The owner of the billionaire of Jai’s The focal point of his case against OpenAI in favor of the Openai is the center of his caseThe Kasturi also submitted a $ 97 billion techover bid for the launch of Ultman in February. Opena’s board has immediately rejected the idea, but it is already The market value for openings may be powered forThe

One of the main benefits of XAI than OpenAI and other startups is one of the HOLS access to XAI. X year after year, the larger company of X -free posts give Jai an important advantage in the AI ​​training data competition. Further, X gives the Mask’s AI startup a huge customer to reach users.

The musk has a history of blurring lines within many of its companies, which contains Had before landing him in legal problemsThe With the acquisition of XA X, the two are now effectively one – and the move suggests that the original value of X can move forward with a wide AI ambition of the musk.

This story has been updated with additional details about the framework of the contract.