Elon Musk’s xAI Acquires X, Because of Course

Elon musk Intelligence Agency In an all-instal transaction, its social media platform X has earned the company that priced at $ 33 billion, which has $ 12 billion DEBT, announced on Friday. The sale comes just a few weeks after the musk Raised in the report For X’s additional $ 1 billion for debt financing, which is worth $ 44 billion worth of $ 44 billion – provided the same price mask for it three years ago.

“Jai and X’s Futures are involved,” Kasturi wrote in an X postThe “Today, we have officially taken steps to combine data, models, models, counts, distribution and talent.

XA’s CEO Linda Yackerino and XAI’s Kafounder Igor Babuskin immediately posted similar messages with the support of their acquisition on X immediately. “The future cannot be brighter,” Yackerino WroteThe Kasturi only posted Babushkin.

It is not known whether Yackerino will be in the same role or what will be the meaning of the acquisition for X employees. Robert Kail, the head of the legal team of Kasturi, Yackerino and Jai, did not respond to any request for the comment before the release.

Kasturi bought Twitter in 2022, and later renamed an agreement involved in the Wall Street Bank and a group of other ND students to receive several billion dollars of loans. After taking charge of the musk and the decrease in X’s advertising business, banks are reported to have fought to unload the loans of interested buyers. End makers usually try to re -sale the debt to other investors to remove their balance sheets and related fees. Wall Street Journal Ficco dub “Buying the worst for banks since the financial crisis.”

However X’s financial situation Turn Kasturi was appointed after Donald Trump was re -elected and to manage the so -called official skills of the administration. As advertisers started returning and the musk relationships with the White House and Trump deepened, more investors became interested in the debt.

The musk also said that he gave an X investors a 25 percent partner According to the Financial Times reports last year, XAI, which helped raise the price of social media platforms and provide further protection to ND workers.

Although Jai has been playing catch-up with rivals like most open AEE and Google, Kasturi gave the startup a huge bunch of startups 100,000 GPUAdequate computing resources to compete with the largest industrial players. The Colossus Dubbed Super Computer is located in Tennessee’s Memphis.

In the beginning, the mission described by Jai was the burden of the nature of the universe. Today, it is best known for creating a “continuous” chatbot called Grock, which has been integrated Part of the X platform From the end of 2023.