Elon Musk takes a new step in his ambition to build an ecosystem around artificial intelligence.
The billionaire announced on Friday that his start-up specializing in generative AI, XAI, had acquired X (formerly Twitter) as part of a transaction entirely carried out in shares. The operation values the social network at 33 billion dollars, out of debt.
“The Avenirs of Xai and X are intimately linked,” said Musk in a message published on the platform. It relies on synergy between the two entities to create more efficient and profitable services, by combining their data, their IT capacities and their respective expertise.
With more than 600 million users, X represents a strategic asset for XAI. “Associating XAI’s capacities with advanced artificial intelligence within the massive reach of X will release a huge potential,” assured Musk, without specifying the frequency of use of the social network.
The operation, which values XAI at 80 billion dollars, marks a new step in the transformation of X into a multifunctional platform integrating AI, finance and communication in real time.
