xAI has acquired X in an all-stock transaction valued at $80 billion for xAI and $33 billion for X, after debt adjustment. This merger aims to unite xAI's cutting-edge AI technologies with X's vast user base, enhancing capabilities and efficiency. As xAI has quickly established itself as a major AI player, its combination with X seeks to create smarter experiences for over 600 million users while maintaining a focus on truth and knowledge advancement. This strategic merger is positioned as just the beginning of an exciting era for both entities.
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.
xAI and X's futures are intertwined. 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.
The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.
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