Musk's Xai Buys His Social Media Platform X

Elon Musk says that his AI task xAI has acquired his societal media level X, formerly known arsenic Twitter.

In an X station Friday, Musk said nan all-stock transaction values xAI astatine $80bn (£61.8bn) and X astatine "$33billion ($45B little $12B debt)" Musk added.

Musk paid $44bn for Twitter successful 2022.

"xAI and X's futures are intertwined," Musk wrote connected X Friday. "Today, we officially return nan measurement to harvester nan data, models, compute, distribution and talent."

The move whitethorn beryllium aimed astatine protecting investors, who helped him bargain X, from losing money.

Both X and xAI are privately held and stock immoderate awesome investors. They besides stock important resources.

"The mixed institution will present smarter, much meaningful experiences to billions of group while staying existent to our halfway ngo of seeking truth and advancing knowledge," Musk wrote.

XAI has utilized information from societal media posts connected X to train its models, and its chatbot Grok is simply a salient characteristic connected nan platform.

"The move appears sensible, considering nan existent inclination of accrued investments successful AI, information centres, and computing," said expert Paolo Pescatore, laminitis of PP Foresight.

Mr Musk has been locked successful a ineligible conflict pinch OpenAI, nan institution he founded successful 2015 pinch CEO Sam Altman.

Last year, Mr Musk sued OpenAI and Mr. Altman for straying from nan company's original ngo and pushing to modulation nan startup to a for-profit model.

On Friday, nan Wall Street Journal reported that OpenAI was finalizing a $40bn backing information pinch nan Japanese conglomerate SoftBank. The outlet besides reported nan costs are contingent connected nan institution completing its restructuring to a for-profit entity.

OpenAI did not respond to a BBC enquiry astir nan arrangement.

Critics opportunity Mr Musk is suing nan ChatGPT makers because he wanted to power it.

Earlier this year, a consortium led by Mr Musk made an unsolicited $97.4bn takeover bid for OpenAI, which Mr Altman rejected, saying nan institution is not for sale.

The business manoeuvring is happening arsenic Mr Musk has taken much of an liking successful politics, now serving arsenic President Donald Trump's right-hand.

He has spearheaded nan administration's push to slash national spending and is spending nan play successful Wisconsin wherever he has contributed millions to a authorities Supreme Court race.

Wisconsin's lawyer wide asked a tribunal Friday to block Mr Musk from distributing $1m checks to voters location up of nan election.