Elon Musk Merges xAI With X In A Deal That Could Reshape The Internet

Elon Musk's xAI has acquired X, combining advanced artificial intelligence with a massive global platform to reshape communication, amplify the search for truth, and accelerate the progress of humanity. Elon Musk's xAI acquires X in a strategic move to merge AI Innovation with Global Communication Elon Musk announced a significant business merger on Friday through a post on his social media platform X, revealing that his artificial intelligence startup xAI has acquired X in an all-stock transaction. Musk stated: xAI has acquired X in an all-stock deal. This combination values xAI at $80 billion and X at $33 billion (45 billion dollars minus $12 billion in debt). This agreement merges Musk's two ventures and aims to leverage the strengths of both - rapid AI innovation at xAI and the global communication infrastructure of X. Musk emphasized the strategic value of acquisition, describing the role of this platform in the global information ecosystem: "X is the digital square where over 600 million active users turn to for real-time factual information, and over the past two years, it has transformed into one of the most efficient companies in the world, positioned to deliver scalable growth in the future." The integration will combine vast data sources, machine learning capabilities, and a large user base. The billionaire tech entrepreneur has outlined how the merger will open up new possibilities: "the future of xAI and X intertwines with each other. Today, we officially take the step to combine data, models, computing, distribution, and talent. This combination will unlock tremendous potential by merging the advanced AI capabilities and expertise of xAI with the extensive reach of X." When describing the future of merger activities, Musk presented a bold vision of progress, he stated: This combined company will bring smarter, more meaningful experiences to billions of people while remaining true to our core mission of seeking truth and advancing knowledge. This will enable us to build a platform that not only reflects the world but also actively promotes human progress. Musk also acknowledged the efforts of his team, thanked the employees of both companies, and expressed optimism: "This is just the beginning."