xAI Acquires X in $80B Deal

xAI has acquired X in an all-stock transaction, with the combined companies valued at $80 billion. This merger merges xAI’s rapid growth in AI with X’s extensive user base, creating a platform with unmatched data, models, compute, and talent. The goal is to unlock immense potential by blending advanced AI capabilities with the massive reach of X, delivering smarter, more meaningful experiences to billions. Musk recognizes the dedication behind this achievement, noting that this is just the beginning of their journey together.