The magic of Elon Musk saves X (yes, Twitter): Elon Musk’s XAI has acquired Musk’s X for $ 33 billion, in an All-Stock agreement, consolidating the two companies and facilitating training for training for training. Including $ 12 billion in debt, the agreement is estimated at $ 45 billion, which means that Twitter investors have gained $ 1 billion on paper.
Musk wrote in X: “@xai has acquired @x in an all-stock transaction. The combination varies XAI at $ 80 billion and X to $ 33 billion ($ 45 billion in debt of $ 12 billion).
Since its foundation two years ago, XAI has quickly become one of the main Laboratories of AI in the world, creating models and data centers at an unprecedented speed and scale.
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X is the place of the digital city where more than 600 million active users will find the source in real time of truth on the ground and, in the past two years, has been transformed into one of the most effective companies in the world, positioning it to offer evolutionary future growth.
The future of Xai and X are intertwined. Today, we are officially doing the measure to combine data, models, calculation, distribution and talent. This combination will unlock an immense potential by mixing the advanced capacity and expertise of the XAI AI with the massive scope of X. The combined company will offer more intelligent and more significant experiences for billions of people while remaining faithful to our central mission to seek the truth and advance knowledge. This will allow us to build a platform that does not only reflect the world but which actively accelerates human progress.
I would like to recognize the hardcore dedication of everyone to Xai and X which brought us to this point. This is only the beginning.
Lesson: You are never mistaken with directors with parallel assets because they have more options to save shipwreck.
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