Elon Musk's xAI Acquires Social Media Platform X in $45 Billion Deal
The merger integrates advanced AI capabilities with X’s vast user base, aiming to create a transformative platform while raising concerns over data privacy and regulatory scrutiny.
- Elon Musk announced that xAI has acquired X, formerly Twitter, in an all-stock transaction valuing xAI at $80 billion and X at $33 billion, including $12 billion in debt.
- The merger seeks to combine xAI’s AI expertise with X’s extensive user-generated data to deliver personalized features and smarter user experiences.
- Musk emphasized the potential of the combined company to accelerate human progress, while maintaining a mission of advancing knowledge and truth.
- The integration raises concerns about data privacy, as X’s user data is expected to play a significant role in training xAI’s AI models.
- Key financial specifics, including investor compensation and regulatory implications, remain unclear following the announcement.
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