Los Angeles In a $33 billion all-stock transaction, Elon Musk sold his social networking platform X to his artificial intelligence startup xAI, furthering his efforts to incorporate generative.
AI into one of the most significant digital platforms globally. The agreement, which was made public on Friday, unites two of Musk’s most well-known businesses under a single AI-driven vision.
However, it also raises additional concerns about how X may develop going forward. What is the goal of the combination between X and xAI? The backstory
Musk said in a post on X that the deal will “unlock immense potential” by fusing X’s enormous user base and distribution reach with xAI’s.
Cutting-edge artificial intelligence capabilities. He highlighted a future when both platforms exchange data, models, computing power, and product creation.
A year after purchasing Twitter for $44 billion and rebranding it as X, Musk introduced xAI in 2023. Grok, an AI chatbot that is already incorporated.
