Elon Musk's Artificial intelligence company Xai Having had a social media platform X in a full -VND company trading at $ 33 billion, including $ 12 billion debt, Centibillionaire announced on Friday. Sales until just a few weeks after musk Advanced report An additional debt fund of about $ 1 billion for X valued the company at $ 44 billion, the same amount that Musk paid it three years ago.
“Xai and X's future are interwoven,” Musk wrote in an article x. Today, we officially make steps to combine data, model, calculation, distribution and talent. This combination will unlock the great potential by blending the ability and expertise of the advanced Xai with Xai with the scope of X.
Both Linda Yaccarino, CEO of X and Igor Babuschkin, the co -founder of Xai, immediately posted similar messages about X signaling their support for the acquisition. “The future cannot be brighter,” Yaccarino written. Musk only reposted Babuschkin.
It is not known whether Yaccarino will be in the same role or what will the acquisition will mean for the employees of X. Musk, Yaccarino and Robert Keele, the head of Xai's legal group, did not respond to comments before publishing.
Musk bought Twitter by 2022 and then changed his name to X in an agreement related to taking billions of dollars for loans from a group of Wall Street Banks and other lenders. After Musk took over and advertised business, the banks had to struggle to unload loans for interested buyers. The lender often tries to deposit debt to other investors quickly to eliminate the balance sheet and profit from relevant fees. Wall Street Magazine Dubbed Fiasco The worst acquisition for banks since the financial crisis.
But the financial situation of x come back After Donald Trump was re -elected and Musk was appointed to run the so -called Government effectiveness. Many investors began to pay attention to the debt when advertisers began to return and Musk's relationship with the White House and Trump became more and more deeply.
Musk also said he gave x investors 25 percent of shares In the last year, it helped to increase the value of the social media platform and provide more security for the lender, according to the report from the Finance Times.
While Xai had previously seemed to catch up with opponents like Openai and Google, Musk has strengthened its startup by creating a huge group of 100,000 GPUsufficient computing resources to compete with the biggest players in the industry. Super computer, known as Colossus, is located in Memphis, Tennessee.
From the beginning, Xai's mentioned task is to understand the nature of the universe. Today, it is best known for creating another person's conversation not called Grok, integrated as Part of the platform X From the end of 2023.