The artificial intelligence company XAI and the message service X combine under the same ownership in a recent equity agreement.
Analysts predicted this week that X’s advertising revenue is likely to increase this year. Aop
Billionaire Elon Musk announces that his artificial intelligence company XAI will buy the message service X. According to Musk, all X shares are transferred to XAI.
According to Musk, XAI is worth $ 80 billion and X’s $ 33 billion. X is worth taking into account the $ 12 billion debt for the Somme platform.
According to Musk, the future of X is interconnected with XAI, which was launched two years ago.
– Today, we officially take a step to combine data, models, calculation, distribution and talent. This combination opens up enormous potential by combining XAI’s advanced artificial intelligence and expertise with X’s massive reach, Musk says in the statement.
Musk purchased the X-Message Service formerly known as Twitter for $ 44 billion in 2022. The following year, he founded XAI, best known for the Grok artificial intelligence tool used by X.
For example, GROK competes with Openai’s chatgpt discussion bot and Chinese Deepseek in the artificial intelligence market.