New York.- Billionaire Elon Musk revealed on Friday that he has added the social network X to his artificial intelligence (AI) company xAI through a stock purchase deal. This move aims to merge their data, expertise, and resources.
“This merger will unlock tremendous potential by combining xAI’s advanced AI capabilities and insights with the vast reach of X,” the entrepreneur shared on this very platform, emphasizing his intention to develop a platform that “accelerates human progress.”
Musk detailed that xAI has acquired X in a transaction valuing the former at 80 billion dollars and the latter at 33 billion, subtracting 12 billion in debt from the price paid to acquire the social network, previously known as Twitter, in 2022.
“The futures of xAI and X are now intertwined. Today, we have officially taken steps to combine data, models, computation, distribution, and talent,” stated the Tesla executive who also served as the efficiency chief in the US government under Donald Trump.
Musk, who remains the world’s wealthiest individual despite the fluctuations in his wealth, added that the “combined company will offer smarter, more meaningful experiences” and pledged to continue its “mission of truth-seeking and knowledge promotion.”
The businessman mentioned that xAI has become one of the “world’s leading AI labs” in the two years since its inception, while X, referred to as “a digital town square,” has in the same period improved its efficiency and demonstrated significant growth potential.
The sale of X to xAI follows Musk’s recent admission in an interview about the challenges of managing his entrepreneurial ambitions while leading the Department of Government Efficiency (DOGE).
The integration of X into xAI has so far not changed the social network, which was already offering the xAI chatbot named Grok, and Musk has not specified if there will be changes for the users.
Musk acquired Twitter in October 2022, later renaming it X, for about 45 billion dollars, and while today’s valuation of 33 billion represents a decrease, it contradicts the significant drop in value forecasted by some financial analysts due to the changes it has undergone.
creditos de las imagenes de este post: Deultimominuto.net
