Elon Musk has sold the social media site X to its own artificial intelligence company XAI in a $ 33 billion agreement throughout the stock, the billionaire announced Friday.
Both companies have private property, which means that they are not obliged to reveal their finances to the public.
Musk said in an X publication that the measure “will unlock immense potential by combining the advanced XAI’s ability and the experience with the massive reach of X”. He said the agreement values XAI at $ 80 billion YXA $ 33 billion. Musk, who serves as CEO of Tesla and Spacex, as well as an advisor to President Donald Trump, bought the site and then called Twitter for $ 44 billion in 2022, destroyed his staff and changed his policies on hate speech, erroneous information and user verification and changed the name X.
He XAI launched A year later.
“The futures of Xai and X are intertwined. Today, we officially take the passage to combine the data, models, calculator, distribution and talent. This combination will unlock an immense potential by combining the ability of the advanced Xai and the experience in the massive scope of X”, wrote Musk in X. “The combined company delivery of more intelligent knowledge, more significant, more significant knowledge of the people of the people. They maintain in the main reach of our main reach to our main objective of truth. “
It is not clear if the movement will change something for users of X: XAI already uses user X data to train their artificial intelligence models and pay X users have access to their Chatbot AI, Grok.
