Billionaire Elon Musk brings xAI and X under one roof, an ambitious strategic move

On March 28, billionaire Elon Musk announced that he had merged his artificial intelligence company xAI with social networking platform X (which he also owns) in a stock swap.

Billionaire Elon Musk has merged xAI and X into one. (Source: Elceo)

In an announcement on the X platform, billionaire Elon Musk emphasized: "The future of xAI and X is closely intertwined. Today, we officially take the step of combining data, models, compute, distribution and talent."

The deal, which values ​​xAI at $80 billion and X at $33 billion (after deducting the $12 billion debt from the previous Twitter/X acquisition), not only marks a new milestone in Mr. Musk's artificial intelligence (AI) development ambitions but also affirms the close connection between data and AI technology.

This is a strategic move that will help the two companies leverage each other's strengths. According to Mr. Musk, this merger will "unlock enormous potential by combining xAI's advanced AI capabilities with X's massive reach," thereby bringing smarter, more meaningful experiences to billions of users.

Billionaire Elon Musk acquired Twitter (now X) in late 2022 for $44 billion. He then founded xAI in 2023 with the goal of “understanding the true nature of the universe.” xAI has developed large language models and launched the Grok chatbot, which is currently available on X for paid users.

The merger is not just a financial event, but also a strategic step for Musk in the fierce AI race. Currently, xAI with its chatbot product Grok-3, is quickly asserting its position, competing directly with DeepSeek and OpenAI.

In addition, xAI's Colossus supercomputer in Memphis, Tennessee (USA) - known as the world's largest supercomputer cluster - is also a testament to billionaire Elon Musk's ambition to dominate the AI ​​field.

Source: https://baoquocte.vn/ty-phu-elon-musk-dua-xai-va-x-ve-chung-mot-nha-buoc-di-chien-luoc-tham-vong-309244.html