Musk Sells X to His AI Company xAI: $33 Billion Deal

Elon Musk announces the sale of social media X to xAI in an all-stock transaction. The goal? To combine data, artificial intelligence, and computing power to create a “smarter” platform.

Elon Musk has formalized the sale of X (formerly Twitter) to his artificial intelligence startup, xAI, in a deal valued at $33 billion, based entirely on a stock exchange, CNN reports, citing a post by Musk himself published on the platform.

“Entwined Futures”: AI and Social Networks Merge

In a lengthy message on X, the billionaire explained the rationale for the deal: “The futures of xAI and X are intertwined. Today we are officially taking the step to combine data, models, compute, distribution, and talent.”

According to Musk, this merger will “unlock immense potential,” combining xAI’s advanced technology with X’s massive reach, which has more than 600 million active users. “The combined company will deliver smarter, more meaningful experiences to billions of people,” he added, reiterating the company’s mission of “pursuing truth and advancing knowledge.”

xAI: An AI Giant in Just Two Years

Founded just two years ago, xAI has quickly become one of the world’s leading AI labs, developing advanced models and large-scale data centers. Musk noted that X has since transformed into “one of the most efficient companies in the world,” poised for scalable growth.

Towards a platform that “accelerates human progress”

The ultimate goal? To create a platform that not only “reflects the world” but “actively accelerates human progress.” Musk thanked the xAI and X teams for their work, concluding with an optimistic message: “This is just the beginning.”

The deal, already considered historic in the tech sector, could redefine the future of social media and artificial intelligence, further consolidating Musk's tech empire. The market and antitrust authorities' reactions remain to be assessed.