@xAI has acquired @X in an all-stock transaction. The mix values xAI at $80 billion and X at $33 billion ($45B much less $12B debt).
Since its founding two years in the past, xAI has quickly develop into one of many main AI labs on the planet, constructing fashions and information facilities at unprecedented velocity and scale.
X is the digital city sq. the place greater than 600M lively customers go to search out the real-time supply of floor reality and, within the final two years, has been remodeled into one of the environment friendly firms on the planet, positioning it to ship scalable future development.
xAI and X’s futures are intertwined. In the present day, we formally take the step to mix the info, fashions, compute, distribution and expertise. This mix will unlock immense potential by mixing xAI’s superior AI functionality and experience with X’s huge attain. The mixed firm will ship smarter, extra significant experiences to billions of individuals whereas staying true to our core mission of in search of reality and advancing information. It will enable us to construct a platform that doesn’t simply mirror the world however actively accelerates human progress.
I want to acknowledge the hardcore dedication of everybody at xAI and X that has introduced us thus far. That is only the start.
Thanks in your continued partnership and help.