Elon Musk says xAI bought X | TechCrunch – The Gentleman Report | World | Business | Science | Technology | Health
Today: Jul 09, 2025
March 29, 2025



Elon Musk’s AI startup, xAI, has bought his social media platform X, previously referred to as Twitter, in an all-stock deal, he introduced in a submit on X Friday.

“xAI has bought X in an all-stock transaction. The mix values xAI at $80 billion and X at $33 billion ($45B much less $12B debt),” Musk mentioned within the submit. “xAI and X’s futures are intertwined. Nowadays, we formally take the step to mix the information, fashions, compute, distribution and ability.”

The purchase puts X — the extremely influential social media platform Musk bought in 2022 beneath its former title, Twitter — firmly beneath the umbrella of Musk’s AI startup, which he based in 2023 to compete with OpenAI. Whilst xAI’s merchandise, together with its AI chatbot Grok, have been tightly built-in into the X platform ahead of this deal, Friday’s acquisition additional combines two of Musk’s maximum influential firms.

Musk notes in his submit that this deal values X at $33 billion (decreased from an undertaking valuation of $45 billion because of the corporate’s $12 billion in debt). Musk at the beginning bought X for $44 billion in October 2022, then again, the valuation has swung dramatically in recent times. At one level, Constancy valued X at not up to $10 billion.

Within the months for the reason that inauguration of President Donald Trump, who Musk campaigned for aggressively, X’s valuation has risen, in large part as a result of traders imagine it’s extra influential now. Musk mentioned in his submit on Friday that X has greater than 600 million day by day lively customers.

In the meantime, xAI’s valuation has skyrocketed in recent times. In simply the 2 years because it used to be based, Musk has effectively beefed up xAI to be a frontier AI lab, steadily freeing AI fashions and merchandise that compete with OpenAI, Anthropic, and Google.

In February, xAI used to be reportedly in talks to safe every other $10 billion in investment at a $75 billion valuation. Then again, Musk now says his AI startup’s valuation is $80 billion.

One of the most main benefits that xAI has over different startups is its get right of entry to to X’s information. The massive frame of posts that X has accrued over time provides xAI a vital benefit within the race for AI coaching information. Additional, Musk up to now gave the Grok chatbot get right of entry to to real-time information updates from posts at the X platform. It sort of feels most probably that the 2 merchandise, X and Grok, will best get extra tightly built-in following this acquisition.

It is a growing tale… Test again for updates.

OpenAI
Author: OpenAI

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