Elon Musk has sold his social media platform, X, to xAI, an artificial intelligence company he founded in March 2023. This move is seen as a strategic step to integrate AI with social media, unlocking immense potential by combining xAI's advanced AI capabilities with X's massive reach.
xAI is a US-based public-benefit corporation working in the realm of artificial intelligence, with its stated goal being "to understand the true nature of the universe". The company has been actively developing AI-powered tools, including Grok, an AI chatbot integrated with X, and PromptIDE, an integrated development environment for prompt engineering and interpretability research.
The acquisition of X by xAI is valued at $33 billion, with xAI valued at $80 billion. This deal marks a significant milestone in Musk's vision for X, which he acquired in October 2022 for $44 billion.
