Elon Musk’s AI company buys social media platform X in blockbuster $33B stock deal

Elon Musk Artificiality XAI has acquired a social media platform of TECH billionaires in a blockbuster transaction that costs $ 33 billion.

Tesla and Spacex CEO On Friday, the statement made the statement on the social media platform and said that the deal is a national transaction that will reveal the huge potential through the XII’s AI through mass access.

He said the combined values ​​with $ 80 billion and $ X for $ 33 billion, or less than $ 12 billion.

In this photo description, the XAI logo is viewed on the smartphone, which is shown in the official profile of Elon Mushk, with the official profile of the X social network. Xai has acquired the “Tech Billionaire” social media platform in the blockbuster transaction that value (Jaque Silva / Soup Pictures / Lightrocket Via Getty Images / Getty Images)

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Musk, The World’s Richest Man, Purchased X, Formerly Known As Twitter, For $ 44 Billion In 2022 to Roll Back Censorship On Platform While Also Stating That It Was Underutilized.

“Combination company will give smarter, more meaningful experiences with billions of people to seek truth and our main mission to promote knowledge.” Written by MuskA number

“This will allow us to build a platform that does not only reflect the world, but actively accelerates human progress.”

He wrote that X is a digital city square, where more than 600 million active users go to the source of grounded source.

“In the last two years, he has been transformed from one of the most effective companies in the world, positioning to provide the future large-scale growth,” Musk wrote.

Xai’s Flagship Product is Grok, Ai Chatbot, which is already integrated for X for Premium subscribers. It is called to compete with other Chatbots such as Catcht made by Openai. Xai also competes with Google’s twins and claudes.

In December 2024, Musk asked the Court to stop the creator of Openai – Catrgp from the transition from a profit subject, Reuters reports. (Chesnot / Getty Images / Getty Images)

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Musk founded “OPENAI” in 2015, Sam Altman, Ilya Satacher, Greg Brookman and others, but was distributed from the company after the shareholders and the General Director of the company. He later tried to persuade his founders to merge with Tesla.

Then, on March 2023, March 2023, he founded XAI and recently collected $ 10 billion, which company estimated at $ 75 billion. Xai went to its new Chatbot Grok-3 last month.

In December 2024, Musk asked the Court to stop the creator of Openai – Catrgp from the transition from a profit subject, Reuters reports.

Xai’s Flagship Product is Grok, Ai Chatbot, which is already integrated for X for Premium subscribers. (Photo by Jakub Porzycki / NurPhoto Getty Images / Getty Images)

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As ai competition is intensified, Xai has the ability of its data center to make more advanced models and its super-systemic cluster in Memphis, called “Colosus”.

The X platform can serve to spread Xai products in the future, while ensuring the feeding of the users’ atmospheric, screenshot and other data.

Reuters contributed to this report.