Elon Musk sells x to himself: the former Twitter passes to his artificial intelligence company XAI

Tireless Musk. As he guides the doge with the scimitar in his hand, firing, dismantling pieces of the federal administration, challenging the judges who try to stop acts that can configure abuses of power, while at the same time he tries to buffer the crisis of his Tesla and follows the multiform spatial, civil and military activities, of Spacex, the entrepreneur on Friday evening, with closed markets, has made it known to have melted his social network X (ex. Twitter) with the start -up of the XAI generative artificial intelligence.

Operation that, financially and legallyit was not too complicated, given that both companies are controlled by the richest man in the world and are not listed on the stock exchange: Elon has launched an operation all based on the exchange of shares in which XAI reaches a value of 80 billion dollars after absorbing X, evaluated 33 billion (without taking into account the 12 of debt): 12 less than the 45 paid out in 2022 by Musk to detect Twitter. But it’s not just about turning games: fans of the tycoon They see in the merger the possible creation of a giant of the AI ​​who, fueled by the flow of the data of the social network, can come to challenge the leadership of Openai in the sector. For Elon’s detractors, it is a cosmetic operation made to mask the failure in financial terms (other speech if you see the thing in political terms) of the acquisition of the network and its transformation into a platform without moderation interventions that has become a vehicle for the most unscrupulous operations: which has walked away many advertising advertisers.

But the operation also has an industrial logic and a meaning regarding Musk’s report with the members who have invested in his companies. On the industrial level XAI, which already uses a part of the X data to train its intelligence models, will be able to resort to this resource even more massively, while, by unifying the two companies, there will also be advantages in terms of integrating computational skills and use of professional talents.

As for the members, Musk, while checking as much x as XAIof course, the problem of remunerating those who have invested in its companies. For some large groups such as the funds of venture capital Sequoia and AndreeSsen Horowitz, the sovereign bottom of Qatar and the Saudi one of Prince Alwaleed Bin Talal, should not be problems, since all of these have invested both in X and in XAI. Those who had invested only in XAI (the producers of Nvidia and AMD microprocessors and the sovereign fund of Abu Dhabi) forced to become shareholders of an X who, after the acquisition by Musk, will probably have less happy less happy.

Also on the overall evaluation of the operation There are those who, like the specialized site The Information, manifests some doubts by wondering if Musk will be able to demonstrate the congruity of a racing rating of 80 billion, since in the last round The XAI alone had been assessed 45 billion, while since then the stock exchange values ​​have only made it descended, especially for technological securities. And that Grok, the Punta di Diamante di Xai model, is responsible for a very crowded market.