This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
The XAI artificial intelligence startup belonging to the American billionaire, Elon Musk, bought the social network X which he himself had acquired at the end of 2022.
“@XAI has acquired @x as part of a transaction entirely in stocks,” the multi-millionaire announced on the X network, adding that “this operation values XAI at 80 billion dollars and X at 33 billion dollars”.
The future of the two platforms is “closely linked,” said Musk.
Through this transaction, Musk intends to “combine data, models, calculation, distribution and talents”, with the aim of “freeing an immense potential by combining the capacities and expertise in the AI of XAI at the considerable reach of X”.
In October 2022, Musk had concluded, for the sum of $ 44 billion, the purchase of network X, formerly called Twitter, of which he immediately reorganized the features, authorized of banned accounts, and enabled greater freedom of expression.
The network has been used to give visibility to the Grok platform, the chatbot developed by XAI, which has now become one of the main competitor of Chatgpt, developed by Openai.
The merger will offer “more intelligent and more significant experiences to billions of people while remaining faithful to our main mission of seeking truth and knowledge of knowledge,” wrote Elon Musk.
