Elon Musk today stated he has actually combined X and xAI in an offer that values the social media previously called Twitter at $33 billion. Musk bought Twitter for $44 billion in 2022.

xAI obtained X “in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk composed on X today.

X and xAI were currently teaming up, as xAI’s Grok is trained on X posts. Grok is offered to X users, with paying customers getting greater use limitations and more functions.

“xAI and X’s futures are intertwined,” Musk composed. “Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”

Musk stated the combined business will “build a platform that doesn’t just reflect the world but actively accelerates human progress.”

xAI and X are independently held. “Some of the deal’s specifics were not yet clear, such as whether investors approved the transaction or how investors may be compensated,” Reuters composed.

The reported worth of the business previously called Twitter plunged under Musk’s ownership. Fidelity, an X financier, valued X at less than $10 billion in September 2024. X’s worth rebounded at the exact same time that Musk acquired significant impact in the United States federal government with the inauguration of President Donald Trump.

On the AI front, Musk has actually likewise been shopping OpenAI and avoid the business from finishing its prepared conversion from a not-for-profit to for-profit entity.