The company that Alan Musk has sold the X platform is actually his second company known as XAI. As the name suggests, it is his Artificial Intelligence Company. XAI has bought X for $ 33 billion, which makes an amount of about 2 lakh 82 thousand crore rupees in Indian rupees. On social media platforms X, Alan Musk told through a post that XAI has now hired XAI in All-Stock Transaction.
@xai has acquired @X In an all-stock transaction. The combination values xai at $ 80 billion and x at $ 33 billion ($ 45b less $ 12b debt).
Since Its founding two years ago, Xai has rapidly become one of the leading ai labs in the world, building models and data centers at…
– elon musk (@elonmusk) March 28, 2025
Behind this deal of Alan Musk is being said that AI wants to give Musk boost to the company. That is, the purpose of Musk is to connect XAI’s AI Specialization with a widespread access to X. Alan Musk further wrote that the future of X and XAI is connected. In the post, he wrote, “Official we are taking these steps with the aim of mixing data, distribution with models and talent.”
Alan Musk also owns Tesla and Spacex. In 2023, Musk’s AI company XAI was launched. After the launch, this company introduced Grok. Grok is an AI chatbot that can inform the user on any subject. Apart from this, with the help of Grok, the user can also generate photos. Grok 3 is now competing with Openai’s Chatbot Chatgpt ChatGPT. Interestingly, Musk is competing with a colleague to a staunch rival Sam Altman. Musk and Altman were included in the 11 -member team establishing OpenAI in 2015.
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