Elon Musk’s X purchased by his AI company xAI | Infinium-tech

Elon Musk -owned X, earlier called Twitter, has been purchased by his AI company XA.

This announcement came from musk through one Post On its X account, revealing that Xai was acquired by XAI in an all-stock transaction, XAI was evaluated at $ 80 billion and $ 33 billion ($ 45B less $ 12b loans) at XAI and X.

X, then Twitter, was purchased by Musk for about 44 billion dollars in 2022 and is kept in controversies for different reasons. With its acquisition by XAI, Musk stated that this combination of X and XAI, whose “futures are interconnected, will unlock the immense capacity by combining the specialization of XAI’s advanced AI capacity and the huge access of XAI.”

Here is the full post by Musk:

XAI has acquired X in an all-stock transaction. The combination considers XAI at $ 80 billion and at $ 33 billion ($ 45B less $ 12b debt) at $ 80 billion.

Since its establishment two years ago, XAI has rapidly become one of the leading AI laboratories in the world, producing models and data centers on unprecedented speed and scale.

X is a digital town square, where more than 600 meters active users go to find the real -time source of the ground and in the last two years, it has been converted into one of the most efficient companies in the world, it has been kept in position to give a scalable future development.

The futures of XAI and X are interconnected. Today, we officially take steps to combine data, models, calculations, distribution and talent. This combination will unlock the immense ability by combining the advanced AI capacity of XAI and specialization of XAI. The joint company will provide more meaningful experiences to billions of people while looking for truth and advancing knowledge for our main mission. This will allow us to create a platform that does not just reflect the world, but actively intensifies human progress.

I would like to recognize everyone’s staunch dedication in XAI and X which has brought us to this point. This is just the beginning.

Thank you for your constant partnership and support.