Elon Musk’s Artificial Intelligence Company XAI acquired the Social Media Platform X – Cyprus Newspaper

Elon Musk announced that the artificial intelligence company XAI has purchased the formerly called Twitter social media platform X.

Musk shared from his X account.

Stating that XAI has purchased the XA in a shares based on the share, Musk said that the value of XAI is 80 billion dollars and the value of X is 33 billion dollars. Elon Musk said that X has a debt of $ 12 billion.

“XAI has become one of the world’s leading artificial intelligence laboratories by building unprecedented speed and scale models and data centers since its establishment 2 years ago.” evaluated.

Pointing out that X is a source of more than 600 million active users, Musk said that the social media platform has been positioned to provide scalable growth in the last 2 years.

Musk stated that the future of XaI and X is intertwined and said:

“Today, we are officially taking steps to combine data, models, information processing, distribution and abilities. This merger will open the lock of a great potential by blending XAI’s advanced artificial intelligence capability and expertise with the tremendous access of X. At the same time, we will be able to create a platform that actively actively accelerates the progress of humanity. ”

Musk, who appreciated the great devotion of everyone in XAI and X, who brought themselves to this point, pointed out that this was just a beginning.