Musk's xAI Acquires X in $45 Billion Deal

Elon Musk's artificial intelligence company, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock transaction valued at $45 billion, which includes $12 billion in debt. This acquisition values xAI at $80 billion and marks a significant integration of xAI's AI capabilities, including the chatbot Grok, with X's extensive user base. The deal aims to enhance both platforms by sharing resources, data, and technology, potentially transforming X into a more AI-driven social media platform. Analysts note the valuation aligns with Musk's previous acquisition of Twitter, and the integration is seen as a strategic move to consolidate Musk's influence in the tech industry. Despite the potential for regulatory scrutiny and the lack of detailed information on leadership integration, Musk emphasizes the intertwined futures of xAI and X, aiming to deliver enhanced digital experiences.