XAI Acquires X, Aims for AI Integration

Elon Musk announced that his AI company xAI has acquired the social media platform X, formerly known as Twitter, in an all-stock transaction. The deal values xAI at $80 billion and X at $33 billion, which includes $12 billion in debt. Despite X's valuation being lower than Musk's original purchase price, this move is seen as a strategic alignment to accelerate human progress through AI. The merger, which has raised questions regarding conflict of interest, promises to deliver more advanced AI experiences to X's user base, which Musk claims includes 600 million active users. The future of both companies is described as 'intertwined,' aiming to blend xAI's AI capabilities with X's user reach.