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Prmagazine > News > News > xAI, Elon Musk’s AI company, just purchased X, Elon Musk’s social media company
xAI, Elon Musk’s AI company, just purchased X, Elon Musk’s social media company

xAI, Elon Musk’s AI company, just purchased X, Elon Musk’s social media company

Elon Musk’s AI company XAI bought X, According to posts shared by Musk. In addition to their similar name and owners, the companies are also connected through XAI’s chatbot Grok, which has been integrated into X.

X is acquired through an all-stock. “The portfolio is worth $80 billion in XAI and $33 billion (reducing $45B debt),” Musk wrote. “The futures of Xai and X are intertwined.” The two companies plan to expand “Xai’s advanced AI capabilities” as a social platform. Apart from that, the post provides little detail, but the motivation may be as financial as practical.

X, then Twitter, yes Acquired by Musk It will be US$43 billion in 2022. Xai is like many leading AI companies Raise funds As fast as possible. In addition to the vague potential benefits of social media posts to train AI, the two companies could also alleviate the debt Musk brought in private Twitter. Billionaire pulled similar stunts with Tesla in 2016, when automakers Merger with solar to $2.6 billion.

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