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

Elon Musk's AI company, xAI, has purchased X, according to a post shared by Musk. Besides their similar names and owner, the companies are already connected through xAI's chatbot Grok, which is integrated into X. X was acquired by xAI through an all-stock transaction. "The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt)," Musk writes. "xAI and X’s futures are intertwined." The companies plan on combining "data, models, compute, distribution and talent," using X's reach as a social platform to spread "xAI’s advanced AI capability." The post offers little detail beyond that, but the motivations could be as financial as they are practical. @xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at… — Elon Musk (@elonmusk) March 28, 2025 X, the ... Read full article.