Elon Musk Sells X to xAI: What It Means for You (And Why It’s Kinda Wild)
· 9 min read
Key Points
(The "Hot Sheets")
- It seems likely that Elon Musk sold X to his AI company, xAI, in a deal valuing X at $33 billion, with a total of $45 billion including $12 billion in debt.
- The combined entity of xAI and X is valued at $80 billion, aiming to blend AI capabilities with social media reach.
- Research suggests this move could enhance AI development using X's user data, potentially impacting the tech industry and user experiences.