Elon Musk's AI Firm xAI Acquires X in $33 Billion Deal

added blog AI & Machine Learning

2025-03-30 18:47:25

Elon Musk’s artificial intelligence company, xAI, has acquired social media platform X in an all-stock deal, valuing it at $33 billion. The total price tag, including $12 billion in debt, stands at $45 billion. The merger aims to integrate data, models, and computing resources, potentially enhancing xAI’s chatbot, Grok. Musk, who also leads Tesla and SpaceX, stated that this move...

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