Elon Musk Announces Strategic Acquisition

In a groundbreaking announcement on Friday, billionaire entrepreneur Elon Musk revealed that X.AI Corp., operating as xAI, has successfully acquired the social media platform X. This all-stock transaction marks a significant milestone in the tech industry.

The Future of xAI and X Intertwined

"The futures of xAI and X are now more intertwined than ever," Musk stated in a post on X. He elaborated on the strategic benefits of this merger, highlighting the combination of xAI's advanced AI capabilities with X's vast reach. This synergy aims to deliver smarter, more meaningful experiences to billions worldwide, aligning with Musk's vision of advancing knowledge and seeking truth.

Valuation and Vision

Musk also disclosed the financial aspects of the deal, valuing xAI at $80 billion and X at $33 billion. With a confident tone, he hinted at this being just the beginning of a series of innovative ventures under the combined entity.