Musk is combining X and xAI to create the intelligent platform of the future

As part of the deal to sell all shares of xAI and X, the two companies are merging, resulting in a valuation of $80 billion for xAI and $33 billion for X. Founded just two years ago, xAI has rapidly become one of the leading AI laboratories, developing models and data centers at an unprecedented pace.

X is a digital town square with over 600 million active users, providing access to reliable real-time information. Over the past two years, the company has become one of the most efficient in the world, enabling it to scale further growth. The combination of data, models, computing power, and talent from xAI and X unlocks immense potential. The new company will create more intelligent and meaningful services for billions of people, while maintaining its mission to seek truth and spread knowledge. This is a step toward a platform that not only reflects reality but also accelerates human progress.

Source: X