Elon Musk’s artificial intelligence venture, xAI, has officially acquired X—formerly known as Twitter—in an all-stock deal valued at $45 billion. The move, announced by Musk on Friday, marks a significant step in integrating AI-driven technology with one of the world’s most influential social media platforms.
“xAI and X are deeply connected,” Musk stated on X. “This merger brings together data, computing power, AI models, and an unparalleled talent pool to create something truly revolutionary.”
Founded in 2023, xAI recently secured $6 billion in funding, pushing its valuation to $40 billion, according to sources cited by Reuters. The company, structured as a public-benefit corporation, is driven by Musk’s vision of uncovering “the true nature of the universe” through artificial intelligence.
Musk originally acquired X in late 2022 for $44 billion, promising to champion free speech. However, the platform has faced criticism for enabling the spread of misinformation and hate speech. Now, with AI at its core, the combined entity aims to redefine digital interaction.
“The future of this platform goes beyond just social media,” Musk explained. “We are building an ecosystem that not only reflects reality but actively accelerates human progress through intelligence and innovation.”
The merger signals a bold new direction for X, as Musk continues his quest to reshape how technology, AI, and social connectivity intertwine.