@xAI has acquired @X in an all-stock transaction. The mix values xAI at $80 billion and X at $33 billion ($45B much less $12B debt).
Since its founding two years in the past, xAI has quickly develop into one of many main AI labs on the earth, constructing fashions and knowledge facilities at unprecedented velocity and scale.
X is the digital city sq. the place greater than 600M lively customers go to seek out the real-time supply of floor reality and, within the final two years, has been remodeled into some of the environment friendly firms on the earth, positioning it to ship scalable future development.
xAI and X’s futures are intertwined. As we speak, we formally take the step to mix the information, fashions, compute, distribution and expertise. This mixture will unlock immense potential by mixing xAI’s superior AI functionality and experience with X’s large attain. The mixed firm will ship smarter, extra significant experiences to billions of individuals whereas staying true to our core mission of looking for reality and advancing data. This can permit us to construct a platform that doesn’t simply mirror the world however actively accelerates human progress.
I want to acknowledge the hardcore dedication of everybody at xAI and X that has introduced us up to now. That is only the start.
Thanks in your continued partnership and help.
