March 28, 2025:
Musk Merges xAI and X in Strategic Acquisition - Elon Musk's AI startup, xAI, has acquired his social media platform, X, in an all-stock deal valuing xAI at $80 billion and X at $33 billion. This merger combines the data, models, and talent of both companies, enhancing xAI's AI training capabilities with X's extensive user-generated content.
Musk, who bought X (formerly Twitter) in 2022, seeks to boost xAI's competitiveness against industry leaders like OpenAI. Despite legal challenges, the acquisition highlights Musk's strategic integration of his ventures to fortify his AI ambitions.
