Elon Musk sells X in $ 33 billion deal to his AI startup
Elon Musk Sold X in a $ 33 billion deal in its AI Startup Company almost three years after buying Twitter and it converted.
Musk, 53, announced the deal via a statement on his X account On Friday, March 28.
“The combination appreciates Xai for $ 80 billion and X for $ 33 billion ($ 45 billion less $ 12 billion debt),” wrote Musk. “Since its foundation two years ago, Xai quickly became one of the leading AI Laboratories in the world, models and data centers built with an unprecedented speed and scale.”
He continued: “X is the digital city square where more than 600m active users will find the real -time source of land truth and in the past two years it has been transformed into one of the most efficient companies in the world, which positions it to deliver scalable future growth.”
The news comes more than a year after the startup of Musk Grok has made, an AI-driven chatbot similar to Chatgpt.
Musk added that it was time to “take the step to combine data, models, calculation, distribution and talent.”
In April 2022, the Tesla CEO reached a deal to buy Twitter for around $ 44 billion.
“Free speech is the foundation of a functioning democracy, and Twitter is the digital city square where it is important for the future of humanity,” Musk said in a press release at the time.
Musk shared his plans for major changes in the press release that confirmed the purchase.
“I also want to make Twitter better than ever by improving the product with new functions, making the algorithms open source to increase trust, beat the spambots and authenticate all people,” he explained. “Twitter has a huge potential – I am looking forward to working with the company and the community of users to unlock it.”
There have also recently been changes in the personal life of Musk. The businessman welcomed his fourth child with Shivon Zilis In February, that is his 14th child in general.
Elon Musk welcomed his 13th child, who was born five months ago, according to author Ashley St. Clair. St. Clair, who is best known for the book Elephants of her children are not birds, announced the news via an X -post shared on Friday, February 14. “Five months ago I welcomed a new baby in the […]
Musk already shares three children with the Neuralink Executive: Arcadia, who was born in early 2024 and Twins Strider and Azure, both born in November 2021.
Also in February, author Ashley St. Clair. Claimed through an X post that she had welcomed the 13th child of Musk five months earlier.
Moreover, Musk has six children with ex-wife Justine Wilson. Musk and Wilson, 51, who were married between 2000 and 2008, share twins Vivian And GriffinBoth 20 and triplets Kai, Saxon and Damian, all 18. The exes also shared son Nevada, who died of the sudden childhood syndrome (SIDS) in 10 weeks old in 2002.
Musk continued with later Grimes (Real name Claire Boucher) In 2018 and they share three children together. They welcomed son x æ a-xii two years later in May 2020. Their daughter, Exa Dark Sideræl, followed a year later via Surrogate. The book by Isaacson also confirmed that Musk and Grimes, who split forever in 2022, also share Son Techno Mechanicus.
