X bought — to Elon Musk’s AI firm

X proprietor Elon Musk introduced late Friday that the social media web site had been bought … to xAI, Musk’s personal Synthetic Intelligence firm.

“xAI and X’s futures are intertwined,” Musk posted on X. “Immediately, we formally take the step to mix the info, fashions, compute, distribution and expertise … this can permit us to construct a platform that doesn’t simply replicate the world however actively accelerates human progress.”

xAI bought X in an all-stock transaction, based on the Hollywood Reporter. The AI firm is now valued at $80 billion, with X valued at $33 billion, which incorporates $12 million in debt.

Musk bought X, then generally known as Twitter, for $44 billion in October 2022.

What does this imply to the X consumer? Seemingly that AI will likely be built-in extra totally into the X expertise. The social media web site has aggressively pushed its generative AI chatbot, Grok, on customers because it launched in 2023. Musk additionally modified its phrases of service shortly after the November election, requiring customers to comply with have AI educated on their tweets.

In saying the sale, Musk claimed X has 600 million “lively customers.” He did not say “month-to-month lively customers,” which consultants consider to be nearly half that quantity.

The now-private firm has shed tens of millions of customers by a number of measures since Musk’s buy, and is projected to lose tens of millions extra in 2025.

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