Elon Musk's xAI has acquired X for $45 billion, bringing together resources from AI and social media to create a combined valuation of $80 billion. This acquisition involves a significant debt of $12 billion and follows xAI's recent capital raise of $6 billion, boosting its capabilities amidst a highly competitive AI landscape. Musk's strategic move includes leveraging advanced technologies like the Colossus supercomputer cluster to enhance AI training, positioning xAI to compete against major players like OpenAI and DeepSeek.
xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent.
Musk has been ramping up investment in AI technologies, recently raising $6 billion to enhance xAI's data center capabilities.
The combined company of xAI acquiring X is valued at $80 billion, reflecting Musk's ambitious vision to integrate social media with AI.
Musk's approach to AI competition includes plans for advanced model training and leveraging the largest supercomputer cluster in Memphis called 'Colossus'.
Collection
[
|
...
]