Xai Buys X Billions Of Dollars

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Xai Buys X Billions Of Dollars

Xai Buys X (Twitter) For $33 Billion

In a shocking move, xAI has acquired the X social media platform. The deal has cost $33 billion, which is a big amount given that the X platform is still not profitable.

Many are viewing this move as a consolidation of power, as Elon Musk is now tying up loose ends. According to analysts, this purchase will allow Elon Musk to more freely train the Grok (AI model) on X's data.

Grok Will Be Trained On X Data

After the combination, the X is now valued at $33 billion while the xAI is now worth $80 billion. Elon also added that the futures of X and the xAI are interconnected.

He added that the models, talent, compute, and data of both platforms were to be combined. When the xAI and the X spokespersons were approached for comments, they were not immediately available.

For now, the details are unclear, and we only know what Elon Musk has disclosed. Also, it remains to be seen how the investors of X will be accommodated after this move.

According to one analyst, the development was unexpected and took everyone by surprise. However, it will also mean an end to the turbulent times for the X.

The recent amount of $45 billion is at least $1 billion more than the deal for Twitter, which happened in 2022.

Even today, Musk remains the wealthiest man in the world. He also has strong friends in the US government, including Donald Trump. Elon is also spearheading the government department DOGE with the aim of decreasing expenses.

One investor from xAi added that this move was not a surprise at all. He added that it will allow Musk to consolidate the management and leadership. Last but not least, no approval was obtained from the investors, which adds a new equation to this whole deal.

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