Elon Musk's xAI Acquires X in $45 Billion Stock Deal
The merger integrates X's vast user base and data with xAI's AI capabilities, raising questions about privacy and Musk's political influence.
- Elon Musk's AI company, xAI, has acquired X (formerly Twitter) in a $45 billion stock transaction, combining their resources for advanced AI development.
- The merger enables xAI to use X's content and infrastructure to train its AI model, Grok, leveraging X's reported 600 million active users.
- The combined entity, reportedly named XAI Holdings, is valued at over $100 billion, reflecting Musk's strategic ambitions in AI and technology.
- Musk's close advisory role to President Trump has sparked concerns over potential conflicts of interest and regulatory implications.
- The deal positions xAI as a stronger competitor to OpenAI, intensifying the rivalry between Musk and OpenAI CEO Sam Altman.