@xai purchased @X in the All-Stock transaction. The connection values XAI on USD 80 billion and x for USD 33 billion (USD 45 billion less debt USD 12 billion).
From the moment two years ago, XAI quickly became one of the leading AI laboratories in the world, building models and data centers at unprecedented speed and scale.
X is a digital city square, where more than 600 m of vigorous users have been found a source of land truth in real time, and in the last two years it has been transformed into one of the most competent companies in the world, positioning it to ensure scalable future growth.
Futures XAI and X are related. Today, we officially take a step to combine data, models, calculations, distribution and talent. This combination will unlock huge potential, combining advanced AI XAI skills and specialist knowledge with a huge range of X. The combined company will provide smarter, more significant experiences to billions of people, remaining faithful to our basic mission to seek truth and develop knowledge. This will allow us to build a platform that not only reflects the world, but actively accelerates human progress.
I would like to recognize the hardcore sacrifice of everyone in Xai and X, which led us to this point. This is just the beginning.
Thank you for your further partnership and support.