The transaction values xAI at $80 billion and X at $33 billion, according toCNBC.
xAI has acquired X in an all-stock transaction.
Musks tweet announcing the sale called X the real-time source of ground truth for 600 million active users globally.
© Chip Somodevilla/Getty Images/Bloomberg via Getty Images
Traffic at X reportedly plummeted after the 2024 presidential election.
xAI and Xs futures are intertwined.
Today, we officially take the step to combine the data, models, compute, distribution and talent.
This will allow us to build a platform that doesnt just reflect the world but actively accelerates human progress.
This is just the beginning.
Thank you for your continued partnership and support, Musk wrote.
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