Elon Musk has sold social media site X to his own Xai Artificial Intelligence Company in an all-stock deal of $ 33 billion, the billionaire announced on Friday.
Both companies are held privately, which means that they are not obliged to make their finances known to the public.
Musk said in a post about X that the move “will unlock a huge potential by combining Xai's advanced AI capacity and expertise with the enormous reach of X.” He said the deal Xai appreciates $ 80 billion and X for $ 33 billion. Musk, who serves as CEO of Tesla and SpaceX, as well as as adviser to President Donald Trump, bought the site and then called Twitter for $ 44 billion in 2022, emits his staff and changed his policy on hate speech, wrong information and user verification and renamed it.
He launched Xai a year later.
“The futures of Xai and X are intertwined. Today we are officially taking the step to combine the data, models, compute, distribution and talent. This combination will be immensely potentially unlocking by combining Xai's advanced AI -capacity and expertise with X's massive reach,” Wrote Menk Ons Kerner, more, combined, “The combined,” The combined, “The combined,” The combined, “The combined,” The combined, “The combined,” Written Shaller, “Written.” The combined, “The combined,” Written Smarter, “Written Smarter,” Written Smarter, “Written Smarter,” Wranded Our Name, “The Becy -Free,” Written Smarter, “Written Ons Kernter,” The Becy -Free, “Mask. Core mission of the search for our core mission of the truth and maintaining our core mission of truth and maintaining our core mission of our core mission of truth and retaining our core mission of the search for our core mission, “, Musk on X.” The combined company will be delivered more emarter, more meaningful experiences.
It is not clear whether the relocation will change something for X users -Xai already uses data from X user messages to train his artificial intelligence models and paying X users have access to the AI -Chatbot, Grok.
