Elon Musk’s artificial intelligence company XAI bought the social media platform X (Twitter) owned by Musk. Musk announced this purchase with his shared post.

The value of x was determined as 33 billion

Musk described the acquisition as a stock -based transaction and said that XAI was considered 80 billion dollars and X was considered as 33 billion dollars. X’s debt of $ 12 billion was transferred with a purchase.

XAI’s chat robot Gok is already integrated into X. Stating that the future of XAI and X is intertwined, Musk stated that they have taken an official step towards combining the data, models, calculation, distribution and ability of the companies with this unification and said, “XAI’s advanced artificial intelligence ability and expertise will reveal a tremendous potential by blending with the tremendous access of X.” he said.

In 2022, Elon Musk bought the Twitter X for $ 43 billion at the time, and said that he would turn X into a “application of everything”. Although the famous billionaire has failed so far, since it launched the XAI in the summer of 2023, it has connected these two attempts closely and said that access to the enormous data treasure from X would provide a great advantage.

In addition to the potential benefits that social media sharing can have to educate artificial intelligence, it will help to alleviate some of the debt that Musk undertakes to buy X. In 2016, Musk made a similar move with Tesla and united with the car manufacturer Solarcity for $ 2.6 billion.