Elon Musk says that his AI Venture Xai has acquired his X social media platform, formerly known as Twitter.
In an X Post Friday, Musk said that the All-Stock transaction values XAI at $ 80 billion and X at $ 33 billion.
Musk paid $ 44 billion for Twitter in 2022.
“The future of Xai and X are intertwined,” Musk wrote to X on Friday. “Today, we are officially doing the measure to combine data, models, calculation, distribution and talent.”
This decision can aim to protect investors, who helped him buy the X purchase, to lose money.
X and XAI both have private times and share certain important investors. They also share important resources.
“The combined company will offer smarter and more significant experiences to billions of people while remaining faithful to our central mission to seek the truth and to advance knowledge,” Musk wrote.
XAI used data from publications on social networks on X to train its models, and its Grok chatbot is a leading characteristic on the platform.
“This decision seems reasonable, given the current trend of increased investments in AI, data centers and IT,” said analyst Paolo Pescatore, founder of PP Foresight.
Mr. Musk was locked in a legal battle with Openai, the company he obtained in 2015 with CEO Sam Altman.
Last year, Mr. Musk continued Openai and Mr. Altman for having moved away from the company’s original mission and pushed to pass the startup to a for -profit model.
Friday, the Wall Street Journal reported that Optai was finalizing a round of financing of $ 40 billion with the Japanese conglomerate Softbank. The point of sale also reported that the funds were subject to the company ending its restructuring to a for -profit entity.
OPENAI did not respond to a BBC survey on the arrangement.
Critics say that Mr. Musk continues Chatgpt manufacturers because he wanted to control it.
Earlier this year, a consortium led by Mr. Musk made a redemption of 97.4 billion dollars not asked for Openai, which Mr. Altman rejected, saying that the company was not for sale.
Business maneuvers occur while Mr. Musk was more interested in politics, now being the right hand of President Donald Trump.
He led the administration’s thrust to reduce federal spending and spent the weekend in the Wisconsin where he contributed millions to a breed of the Supreme Court of the State.
Friday, the attorney general of Wisconsin asked a court to prevent Musk from distributing checks of $ 1 million to voters before the elections.
