Elon Musk announced xAI will acquire X (formerly Twitter) in an all-stock merger, valuing xAI at $80 billion and X at $33 billion. Musk aims to combine X’s user data and reach with xAI’s AI technology. He stated the goal is to create “smarter, more meaningful experiences.”
This merger follows Musk’s 2022 purchase and rebranding of Twitter to X. Since then, X has seen changes in content moderation, leading to discussions about online speech. Musk envisions X as a “real-time source of ground truth.”
The acquisition focuses on integrating AI into social media. Musk believes this will “build a platform that doesn’t just reflect the world but actively accelerates human progress.” He thanked the xAI and X teams for their work.
This merger raises questions about the future of AI and social media. It could change how information is shared and how users interact online. The focus is on using both companies’ strengths to explore new possibilities in the digital world. The full impact of this merger is yet to be seen, as the integration process begins.
