Elon Musk Sells Twitter (X) to XAI for $33 Billion, Merges with AI Company
San Francisco:Elon Musk**, the world’s richest person and advisor to former U.S. President **Donald Trump**, has announced the sale of his social media platform **X** (formerly Twitter). In a post on X, Musk revealed that he is selling the platform he acquired in 2022 for **$44 billion** to his **artificial intelligence (AI) company, XAI**, for **$33 billion**, meaning he has essentially sold his own platform to himself.
Both **X** and **XAI** are private companies, which means their financial transactions will not be publicly disclosed.
Musk, who also owns **SpaceX** and **Tesla**, explained in his X post that combining **XAI’s** cutting-edge AI technology with **X’s** vast reach will create significant opportunities. He added that the future of **X** and **XAI** is intertwined, as they are consolidating data, models, and other aspects to develop a more intelligent and purposeful user experience.
He stated that the joint company will provide billions of users with a more smart and goal-oriented experience aligned with their mission’s objectives. Following the sale, **XAI** will be valued at **$80 billion**, while **X** will be valued at **$33 billion**.
Musk founded **XAI** in 2023, and according to him, it is now one of the world’s largest AI companies, producing large-scale models and data centers. However, it remains unclear how this new move will impact **X’s** users.
**XAI** has already been using **X’s** user data for training its AI models, and subscribers who pay for **X’s** monthly service have access to the AI chatbot, **Groq**.
This move marks a significant shift for Musk’s digital ventures, blending the power of social media with AI technology for future developments.
