Musk's xAI Acquires X, Valued at $33 Billion: A New Era of Integration

Elon Musk's artificial intelligence firm xAI has acquired the social media platform X in a deal valued at $33 billion. This acquisition aims to integrate and enhance xAI's capabilities, particularly in training its Grok chatbot, and reflects Musk's growing influence in both technology and political arenas.

Elon Musk's tech company xAI has taken a major step by acquiring the social media platform X in a deal worth $33 billion. This strategic acquisition aims to bolster xAI's resources, particularly for training its advanced Grok chatbot, while merging strengths in data, models, and talent.

Musk, also the head of Tesla and SpaceX, indicated that xAI and X are now closely connected, enhancing the tech landscape with combined expertise. The $45 billion price tag for X, including debt, echoes the high stakes in this strategic consolidation.

Despite unanswered questions and potential regulatory hurdles, the acquisition signifies Musk's ongoing mission to fortify his position across his various ventures. The deal also underscores the intensifying competition in the AI sector, highlighted by xAI's recent expansion to rival top contenders like Microsoft-backed OpenAI.

(With inputs from agencies.)