ELON Musk says that Xai acquired X, in the evaluation of the X deal at $ 33 billion

Elon Musk On Friday, the start of the start of Xai merged with X, its social network, in a deal from all the shares that the AI ​​is estimated at 80 billion dollars and the social media company at $ 33 billion.

“The Future of Xai and X Futures Interposed”, Musk, the richest person in the world, books In a post on X. “Today, we take the step officially to combine data, models, account, distribution and talent.”

He added that the merger will lead to “opening huge potential by mixing the advanced artificial intelligence capacity of XAI with X -huge arrival to X.” He said that the purchase price was 45 billion dollars less than 12 billion dollars.

Since the two companies are particularly held and controlled by Musk, the treatment is likely to be a swap of shares, as X investors receive money in Xai shares. Companies have a number of Common investorsIncluding Andressen Horowitz and Sequoia Capital project, as well as fidelity management, Vy Capital and The Kingdom of Saudi Arabia held a company.

Musk, who is also the CEO of the company Timing And Spacex, who got Twitter in a $ 44 billion deal in late 2022, and the implementation of huge costs in costs and soon renamed it X. Linda Yaccarino, who rented Musk as an executive head of X, wrote in a publication after Friday announcement, “The future was not brighter.”

Musk XAI less than two years ago, with a declared goal “understanding the true nature of the universe.” It tries to start the competition directly with Openai, a rich -value AI company that participated in 2015 as a non -profit research laboratory. He left Openai later and recently participated in public relations and legal dislocation with the company and CEO Sam Altman about the direction it took.

In Xai, the Musk team developed large linguistic models and artificial intelligence software products, with offers from Openai as well Googleand Microsoftand Dead And others. X and XAI have already been linked, with the available Chatbot Grok from Xai for users of social media application.

In June, Xai announced that it would build a super computer in Memphis, Tennessee, to train Groke. In September, musk open It was part of the Mm Mevis super computer, now known as Colossus, already online.

Environmental and public health defenders raised concerns about the speed of breakage of development in Memphis, noting the lack of community inputs and control. The facility is operated with natural gas burning turbines and Xai plans to expand and build a nearby gray water treatment plant as well.

Xai investors estimate $ 50 billion in a financing round last year. Bloomberg reported last month that the company was holding money raising talks at $ 75 billion. Openai was closed to the conclusion on a round in February with an amount of $ 260 billion, while the starting start of the anthropologist from artificial intelligence. At a value of 61.5 billion dollars In a deal closed this month.

In addition to running Tesla, Spacex, Xai and Officeing X, Musk spent most of his time this year in Washington, DC, as a central figure in President Donald Trump The second administration.

After the contribution of nearly $ 300 million to help Trump and other Republican candidates and candidates in the 2024 campaign, Musk was connected to the newly formed government efficiency (DOGE), which eliminates government expenditures and get rid of regulations. It is a position that puts musk in a position that allows him to make changes in ways of various actions.

This is not the first time that MUSK is combined with his entities.

In 2016, Tesla acquired Solarcity for $ 2.6 billion. The solar stabilizer was established by his first cousin, Lindon and Peter Reef, and Tammal Musk, who served as Chairman of the Board of Directors. The shareholders in Tesla later prosecuted, claiming that the deal was a Solarcity plan, and violated the credit that caused musk personally. Delaware judges who heard the conflict He decided in favor of musk And Tesla, and allowed the deal to stand without any reward for the auto manufacturer.

He watches: X acquires xi