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129 xAI Acquires X

Slashdot
BeauHD @ Slashdot · 03/28/2025 18:10 EDT

xAI Acquires X

Elon Musk says its xAI company has acquired the social media platform X in an all-stock transaction. "The combination values xAI at $80 billion and X at $33 billion ($45 billion less $12 billion debt)," said Musk. He writes on X: Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, i

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