Musk says his xAI startup bought X at $33 billion valuation
Billionaire Elon Musk has said that his XAI artificial intelligence launches $ 33 billion worth $ 33 billion, indicating a surprise turn known as a recognized social network. RationA number
“Combined values ​​in XAI, $ 80 billion and X – $ 33 billion,” he wrote in a message x. The value of X is $ 45 billion, when the debt of $ 12 billion said. It was the most difficult deal.
“The future of Xai and X is intertwined,” he said. “Today we are officially walking into data, models, calculation, distribution and talent. This combination will reveal a huge potential through Xai’s AI chance and experience by mass access to X. “
Musk, the richest man in the world, acquired Twitter for $ 44 billion in 2022, the transaction that included the debt. After controlling the platform, he cut off jobs, transformed properties and allowed some ban to return accounts.
Read more:Musk closes $ 44 billion on Twitter deals, Best leaders set fire
He also used the service to stimulate which was developed by Xai. The beginner competes with AI firms, such as Openai, which musk was founded in front of a joint division with that company.
“This helps to integrate the system quite well,” said Volfy Research Analyst Shketa Khajuria, who views the deal as positive for two Muscick businesses. “This gives a unique advantage,” providing access to a huge amount of training to access, while allows Xai to control or even cut other companies.
Musk used to be able to potential investors for XII funding for about $ 75 billion, Bloomberg NewsGives:in February. Xai Investors included Sequoia Capital, Andresen Horov, Loyalty Investments: aeration of Fly Inc.
“Since two years ago, Xai has been able to quickly become one of the world’s leading Laboratories, unprecedented speed and scale models.
X, while “turned into one of the most effective companies in the world, positioning the insecure future growth,” he said.
The social network has raised about $ 1 billion from investors in new equity, BloombergThis month is reportedIn the deal, which assessed the company to evaluate when Musk took it in 2022.
The company is also the PACE for the first year of income increase since Mushk’s assumption. The company is forecast for the sale of US advertising by $ 1.31 billion, according to EMarketer research company. The sale of x advertisements around the world is estimated at $ 2.26 billion this year to 16.5%.
Linda Yagarinon, Executive Director of X, confessed to Xai’s transaction on Friday, saying: “The future could not be brighter.”
This story was originally shown Fortune.com
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