The company of the artificial intelligence Elon Muska Xai purchased its social media platform X in the All-Sock transaction, which values the company for $ 33 billion, including a debt worth $ 12 billion, was announced on Friday with centilionaire. Sales will take only a few weeks after the pair Apparently raised Additional about $ 1 billion of debt financing for X, which valued the company at $ 44 billion – the same price of musk paid for it three years ago.
“Futures XAI and X are related” Musk wrote in post x. “Today we officially take a step to combine data, models, calculations, distribution and talent. This combination will unlock huge potential, combining advanced AI XAI abilities and specialist knowledge with a huge range of X.”
Both Linda Yaccarino, CEO X and Igor Babuschkin, co -founder of XAI, immediately published similar news about X, signaling their support for the takeover. “The future cannot be brighter,” Yaccarino wrote. Musk only published Babuschkin.
It is not known whether Yaccarino will remain in the same role or whether the takeover will mean for employees X. Musk, Yaccarino and Robert Keele, head of the legal team of XAI, did not answer the request for comment before the publication.
Musk bought Twitter in 2022, and later renamed him to X in a contract, which consisted of removing billion dollars of loans from the group of banks from Wall Street and other lenders. After Musk took over and the advertising company X fell, banks supposedly tried to discharge loans to interested buyers. Lenders usually try to quickly sell to other investors to break it from balance sheets and get profitable from related fees. The Wall Street Journal Named fiasco “The worst purchase for banks since the financial crisis.”
But financial situation x he turned around After choosing Donald Trump and Musk was appointed to conduct the so -called government department of the government department. More investors became interested in debt when advertisers began to return, and Musk’s connections with the White House and Trump deepened.
Musk also said that he gave x investors 25 percent of shares Last year in XAI, which helped escalate the value of the social media platform and provide lenders with more security, according to the Financial Times reports.
While XAI previously seemed to play mainly catching up with rivals such as OpenAI and Google, Musk gave a startup, creating a massive cluster 100,000 GPUA sufficient number of computing resources to compete with the largest industry players. The supercomputer, named Colossus, is located in Memphis, Tennessee.
From the very beginning, the XAI mission was to understand the nature of the universe. Today, he is best known for creating a “unaffered” chatbot called grok, which has been integrated as part of the platform x From the end of 2023