Musk Reveals He Has Divested X to xAI
Elon Musk recently announced that his AI company, xAI, has acquired X, the social media platform he bought in 2022. The sale, which includes $12 billion in debt, is worth $45 billion, marginally more than Musk’s initial purchase price. Posting on X, Musk noted that combining xAI’s capabilities with X’s vast user base would create new opportunities. While no imminent improvements to X were announced, xAI’s AI chatbot, Grok, is already integrated into the platform. Musk suggested that the merger would lead to more intelligent and engaging user experiences. The combined entity, he estimated, is now worth around $80 billion.…