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📅 End at: July 9, 16:00 UTC
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HOT DEVELOPMENT: Elon Musk announced that his artificial intelligence company xAI has acquired X, formerly known as Twitter!
Elon Musk's artificial intelligence company xAI has completely bought the social media platform X, formerly known as Twitter, with a stock-based transaction worth (. The deal values xAI at 80 billion dollars and X at 33 billion dollars, while also accounting for 12 billion dollars in debt.
According to Elon Musk's statement, xAI, which was established two years ago, has rapidly become a leading artificial intelligence laboratory by developing models and data centers at an unprecedented speed. X serves as a digital town square with over 600 million active users seeking real-time information.
According to the announcement, the integration of xAI and X aims to combine data, models, computing resources, distribution channels, and capabilities. Musk expects that this merger will unleash significant potential by blending xAI's advanced artificial intelligence capabilities with X's broad reach.
The united company continues its determination to seek the truth and advance knowledge while planning to offer smarter, more meaningful experiences to billions of people.