Elon Musk’s X has a new owner—Elon Musk’s xAI
by Jon Brodkin from Ars Technica - All content on (#6W8KC)
Elon Musk today said he has merged X and xAI in a deal that values the social network formerly known as Twitter at $33 billion. Musk purchased Twitter for $44 billion in 2022.
xAI acquired X "in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt)," Musk wrote on X today.
X and xAI were already collaborating, as xAI's Grok is trained on X posts. Grok is made available to X users, with paying subscribers getting higher usage limits and more features.