In a move that’s sure to shake up the tech world, Elon Musk, the visionary behind Twitter’s dramatic transformation into X, announced that his artificial intelligence startup, xAI, has successfully acquired the platform in an all-stock deal.
The transaction, which values xAI at a staggering $80 billion and X at $33 billion (after factoring in $12 billion in debt), marks a bold step in Musk’s plan to redefine the digital landscape.
In a March 28 post to X, Musk shared the remarkable rise of xAI, stating, “Since its founding just two years ago, xAI has rapidly become one of the leading AI labs in the world, creating models and building data centers at an unprecedented speed and scale.”
He highlighted X’s evolution into a “digital town square” where over 600 million active users connect to a real-time source of truth, positioning the company as one of the most efficient enterprises globally.
One year after launching Grok, an AI-powered chatbot built by xAI and akin to ChatGPT, Musk declared it was time to combine forces.
“It’s time to merge the data, models, compute, distribution, and talent,” he wrote. “xAI and X’s futures are now intertwined.”
Musk went on to outline the exciting potential of this merger, emphasizing that the combined company would deliver “smarter, more meaningful experiences” to billions, all while remaining dedicated to the pursuit of truth and knowledge.
He stressed that this move would allow them to create a platform that not only mirrors the world but accelerates human progress.
In his conclusion, Musk expressed gratitude for the teams from both companies, stating, “This is just the beginning.”
Echoing Musk’s optimistic vision, X CEO Linda Yaccarino reposted his update with her own words, writing, “The future could not be brighter.”
This monumental shift promises to be the dawn of a new era in digital technology, with Musk leading the charge toward a smarter, more connected world.
