Musk adds AI-Startup Xai with his social media platform X

The start-up for artificial intelligence Xai of tech billionaire Elon Musk takes over his social media platform X, the former Twitter, for $ 33 billion. Musk has that Friday reported on x.

According to Musk, the transaction, which is fully executed as a stock exchange, is appreciated at $ 80 billion and x at $ 45 billion, minus 12 billion in debts.

The merger is the youngest turn in the rapid power consolidation of the billionaire. Possibly the Deal Musk helps to train its AI model, known as Grok.

« The future of Xai and that of X are intertwined, » said Musk on X. « Today we are officially taking the step to combine the data, models, computing power, distribution and talent. This merger will enormously unlocked by the advanced AI capabilities and expertise of Xai with the enormous range of X”

Many of the details of the deal are still unclear. Spokespersons of X and Xai did not respond directly to requests for comments from Reuters news agency.

Funding round

Musk, the richest man in the world, bought Twitter in 2022 for $ 44 billion. He launched the Xai startup less than two years ago. Recently that company raised $ 10 billion in a financing round. In addition, it was appreciated at 75 billion.

In February, the 53-year-old Musk made a bid of 97.4 billion dollars on the Chatgpt maker OpenAi with a consortium. That was rejected; OpenAi announced that the startup was not for sale. In 2015, Musk was a co-founder of OpenAi, now a direct competitor of Xai, together with, among others, CEO Sam Altman.

Musk has brought a lawsuit in California to prevent OpenAi from changing a non-profit organization in a company with a profit motive. A judge rejected his request earlier this month for a provisional order to prevent that transition.

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