Elon Musk announced that xAI, his AI startup, has completed the acquisition of X, formerly Twitter, in an all-stock deal valued at $113 billion. Both companies aim to integrate advanced AI features into the social media platform, which boasts over 600 million users. Musk highlighted that the deal would allow for shared data and AI models to create a more meaningful user experience. This merger follows a history of collaboration where xAI used X's data for developing AI products like Grok, an AI chatbot with unique features compared to competitors.
"xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent." - Elon Musk
Collection
[
|
...
]